Ormat Technologies - M&A Summary and Business Overview

UtilitiesCompany

Ormat Technologies M&A Summary

Ormat Technologies has acquired 4 companies, including 1 in the last 5 years.

Ormat Technologies’ largest acquisition to date was in 2021, when it acquired Terra-Gen Power - Two Contracted Geothermal Assets for $171M. Ormat Technologies has acquired in 4 different US states. The Company’s most targeted sectors include energy services and equipment (25%) and renewable energy (25%).

Ormat Technologies Business Overview

Where is Ormat Technologies headquartered?

Ormat Technologies is headquartered in Reno, Nevada.

What is Ormat Technologies’ revenue?

Ormat Technologies disclosed revenue of 829M USD for 2023 and 734M USD for 2022.

How many employees does Ormat Technologies have?

Ormat Technologies has 1,576 employees.

What sector is Ormat Technologies in?

Ormat Technologies is an utilities company.

When was Ormat Technologies founded?

Ormat Technologies was founded in 1965.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity4
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 2

Ormat Technologies

Ormat Technologies, Inc.

6140 Plumas Street,
Reno, Nevada 89519
United States,
(775) 356-9029
www.ormat.com

Ormat Technologies owns, operates, designs, manufactures and sells geothermal and REG power plants. Ormat Technologies was founded in 1965 and is based in Reno, Nevada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 3 - 1 - - - 4
vol $145M $171M $316M
Sell (0.0/yr) # - - - - - - 0
  4

Most Recent M&A

Company Date Value Type
Terra-Gen Power LLC - Two Contracted Geothermal Assets 2021-05-24 171M USD Divestiture
, Nevada
U.S. Geothermal, Inc. 2018-01-24 110M USD Add-on Acquisition
Boise, Idaho · www.usgeothermal.com
Viridity Energy, Inc. 2017-01-03 35M USD Add-on Acquisition
Philadelphia, Pennsylvania · www.viridityenergy.com
Elcosa - Geotérmica Platanares Geothermal Project 2013-12-02 - Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 1 (25%) - - -
Renewable Energy 1 (25%) 171M (54%) - -
Software 1 (25%) 35M (11%) - -
Utilities 1 (25%) 110M (35%) - -
Total 4 $316M - -

By Geo

State/Country Buy Value Sell Value
United States 4 316M - -
  Pennsylvania 1 35M - -
  Nevada 1 171M - -
  Idaho 1 110M - -
Total 4 $316M - -

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
 1
Legal Deals
Norton Rose Fulbright
 1

Deal Values

buy # Total
$100M to $1B 2 $281M
< $100M 1 $35M
TOTAL $316M
Largest Terra-Gen Power LLC - Two Contracted Geothermal Assets
$171M (2021-05-24)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
2 (50%)

Company Summary

SECTOR

Utilities

Revenue

829   13% 2023
734   11% 2022
663   6% 2021
705   6% 2020
746   4% 2019
719   4% 2018
693   5% 2017
663   12% 2016
595   7% 2015
560   6% 2014
533   7% 2013
501   2012
(millions of USD) Show More Show Less

Employees

1,576

Established

1965

Public

NYSE: ORA

 Subscribe to unlock this and 208,055
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 201K M&A Transactions
  • 203K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for Ormat Technologies

Nevada Companies , Utilities Companies , United States Companies , Nevada Utilities Companies , Nevada Utilities with Acquisitions , Nevada Utilities with Divestitures

Related Lists for Nevada Companies

Largest Nevada Companies , Acquisitive Nevada Companies , Recently Acquired Nevada Companies , Recently Sold Nevada Companies , Private Nevada Companies , Public Nevada Companies , Acquired Nevada Companies , PE Backed Nevada Companies

Related Lists for Utilities Companies

Largest Utilities Companies , Acquisitive Utilities Companies , Recently Acquired Utilities Companies , Recently Sold Utilities Companies , Private Utilities Companies , Public Utilities Companies , Acquired Utilities Companies , PE Backed Utilities Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies
Mergr

Product

Company

Legal