M&A Deal Summary

Mitsubishi Heavy Industries Acquires Koloma

On October 15, 2024, Mitsubishi Heavy Industries acquired renewable energy company Koloma

Acquisition Highlights
  • This is Mitsubishi Heavy Industries’ 1st transaction in the Renewable Energy sector.
  • This is Mitsubishi Heavy Industries’ 3rd transaction in the United States.
  • This is Mitsubishi Heavy Industries’ 1st transaction in Colorado.

M&A Deal Summary

Date 2024-10-15
Target Koloma
Sector Renewable Energy
Buyer(s) Mitsubishi Heavy Industries
Deal Type Add-on Acquisition

Target

Koloma

Denver, Colorado, United States
Koloma is a geologic hydrogen company that leverages its technology, proprietary data, and human capital advantages to identify and commercialize geologic hydrogen on a global scale. The company actively engaged in exploration and appraisal of assets that will play a significant role in global decarbonization efforts. Koloma is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Mitsubishi Heavy Industries

Tokyo, Japan

Category Company
Founded 1884
Sector Machinery
Employees77,274
Revenue 5.03T JPY (2025)
DESCRIPTION
Mitsubishi Heavy Industries' corporate headquarters in Tokyo, Japan.
Mitsubishi Heavy Industries' corporate headquarters in Tokyo, Japan.

Mitsubishi Heavy Industries manufactures and sells heavy machinery and equipment worldwide. Its operations span energy systems, plants and infrastructure, logistics, thermal and drive systems, as well as aircraft, defense, and space. Mitsubishi Heavy Industries was founded in 1884 and is based in Tokyo, Japan.


DEAL STATS #
Overall 5 of 6
Sector: Renewable Energy M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Colorado M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-03 Concentric

Carrollton, Texas, United States

Concentric is a DC power management and on-site maintenance for the material handling and critical power industries. Concentric was founded in 2000 and is based in Carrollton, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-11 iPEACE223

Tokyo, Japan

iPEACE223 develops technology that contributes to the reduction of CO2 emissions in the manufacturing process of propylene (a raw material for chemicals) and propane (fuel). the company utilizes zeolite, a porous mineral, as a catalyst to sustainably produce propylene and propane from bioethanol, aiming to achieve carbon neutrality. iPEACE223 is based in Tokyo.

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