M&A Deal Summary

IEnova Acquires Ventika Wind Farm

On December 15, 2016, IEnova acquired renewable energy company Ventika Wind Farm from CEMEX

Acquisition Highlights
  • This is IEnova’s 1st transaction in the Renewable Energy sector.
  • This is IEnova’s 1st transaction in Mexico.

M&A Deal Summary

Date 2016-12-15
Target Ventika Wind Farm
Sector Renewable Energy
Buyer(s) IEnova
Sellers(s) CEMEX
Deal Type Divestiture

Target

Ventika Wind Farm

Mexico
Ventika Wind Farm includes Ventika I and Ventika II consist of 84 operating wind turbines with an installed power generation capacity of 252 megawatts, making it the largest operating wind farm in Mexico.

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Buyer(S) 1

Buyer

IEnova

Mexico City, Mexico

Category Company
Founded 1996
Sector Infrastructure
Revenue 1.0B USD (2020)
DESCRIPTION

IEnova is a provider of energy infrastructure projects. IEnova was founded in 1996 and is based in Mexico City, Mexico.


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Mexico M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

CEMEX

San Pedro Garza Garcia, Mexico

Category Company
Founded 1906
Sector Building Materials
Employees42,587
Revenue 16.2B USD (2024)
DESCRIPTION
CEMEX plant in Port Everglades, Florida.
CEMEX plant in Port Everglades, Florida.

CEMEX is a building materials company that provides high quality products and reliable service to customers and communities throughout the Americas, Europe, Africa, the Middle East, and Asia. CEMEX was incorporated in 1906 and is based in San Pedro Garza García, Mexico.


DEAL STATS #
Overall 4 of 7
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 4 of 7
Country: Mexico M&A 1 of 2
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-28 CEMEX - Reinforced Concrete Pipe Manufacturing Business

United States

CEMEX - Reinforced Concrete Pipe Manufacturing Business produces and supplies concrete pipe, box, and other pipe products in the United States.

Sell $540M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-30 CEMEX S.A.B. de C.V. - White Cement Plant

Buñol, Spain

CEMEX S.A.B. de C.V. - White Cement Plant is a producer of cement in Spain.

Sell $180M