Investment Summary

Volvo Penta Invests In Utility Innovation Group

On April 11, 2023, Volvo Penta invested in energy services and equipment company Utility Innovation Group

Investment Highlights
  • This is Volvo Penta’s 1st transaction in the Energy Services and Equipment sector.
  • This is Volvo Penta’s 1st transaction in the United States.
  • This is Volvo Penta’s 1st transaction in North Carolina.

Investment Summary
Date 2023-04-11
Target Utility Innovation Group
Sector Energy Services and Equipment
Investor(s) Volvo Penta
Deal Type Stake Purchase

Target

Utility Innovation Group

Raleigh, North Carolina, United States
Utility Innovation Group (UIG) is involved in designing, building, protecting, and operating the global carbon-free grid of the future. UIG, founded by the core leadership team which helped shape the US microgrid market, specializes in utility protection and controls engineering, substation and distribution development, microgrid development, and grid resiliency. Together with its partners, UIG has developed an industry-leading, international presence dedicated to its mission of shaping the future of electric grid infrastructure across the globe through an explicit focus on decarbonization and the ever-increasing need for resiliency. Utility Innovation Group is based in Raleigh, North Carolina.

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Investor(S) 1

Investor

Volvo Penta

Gothenburg, Sweden
Category Company
Sector Manufacturing
DESCRIPTION

Volvo Penta is a global manufacturer of engines and power systems for boats, vessels, and industrial applications, with a century of experience and a global network of nearly 3,500 dealers across 130 countries. The company is recognized for producing high-quality, reliable, and performance-driven power solutions. Volvo Penta is based in Gothenburg, Sweden.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Stake Purchase) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Mergr

Product

Company

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