Ormat Technologies Mergers and Acquisitions Summary

UtilitiesCompany

Ormat Technologies has acquired 4 companies, including 2 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%).

Join Mergr and gain access to Ormat Technologies’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the utilities sector.

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 ≤ '18 '19 '20 '21 '22 '23 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

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

1,402

Established

1965

Public

NYSE: ORA

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