Hungary: MVM acquired 100% ownership of Enexio Hungary

, SEE Energy News

Through the acquisition, the State-owned Hungarian Electricity Works (MVM) portfolio is expanding with world-leading companies and the company is becoming an active player in the Chinese energy market.

MVM Group acquired 100 % ownership of the Hungarian subsidiary of the German energy company Enexio, together with its two Chinese subsidiaries and a world-famous Hungarian patent.

In addition to companies involved in the implementation of industrial dry cooling technology, the transaction also included the acquisition of the patent rights of the world-famous Heller-Forgo refrigeration equipment.

MVM’s CEO Gyorgy Kobor said that the acquisition of an internationally leading technology construction company in its own market is a significant milestone in achieving MVM’s strategic goals. As a result of the change of ownership, MVM will also be able to play a leading role in the international power plant development market. Thanks to Enexio’s international sales competence and network of contacts, the MVM Group’s foreign business opportunities can be further expanded.