Yanmar acquires cogeneration solutions provider, TEDOM

Yanmar Energy System has entered into an agreement with Jet Investment to acquire 100% of the shares in the cogeneration solutions provider, TEDOM Group. The share purchase agreement was signed on September 4^th, 2024, with the transaction pending approval from the relevant regulatory authorities. Completion of the transaction is subject to obtaining necessary regulatory approval. Upon closing, TEDOM which will then become part of Yanmar Group.

TEDOM Group is a leading global manufacturer of cogeneration units and a provider of comprehensive solutions, maintenance and service for decentralized energy systems. The company also offers a range of energy services including power generation, power balancing, electricity and gas sales, and ESG consulting. With around 1,000 employees and operations in the Czech Republic, Germany, Poland, Slovakia, the United States, the United Kingdom, and Kazakhstan, TEDOM Group is expected to generate approximately EUR 315 million in revenue in 2024.

“TEDOM today is not just a supplier of cogeneration units but also a supplier of comprehensive energy solutions and services,” says Oldřich Šoba, investment director of Jet Investment. “We are excited to see what TEDOM’s next chapter with Yanmar will bring.”

Peter Aarsen, CEO Yanmar Energy System International, commented: “We are thrilled about this transaction and grateful for Jet Investment’s support. This strategic move brings together TEDOM’s expertise in cogeneration and energy services with Yanmar’s global reach and innovative technologies. The strengths of both companies complement each other, creating a strong foundation for future growth. We remain committed to upholding the high standards and values that TEDOM and Yanmar are renowned for.”