Inox Green Energy Services to acquire majority stake in I-Fox Windtechnik India

India, Feb. 3 -- Inox Green Energy Services has entered into a definitive investment agreement with I-Fox Windtechnik India, an Independent O&M Wind Service, to acquire a majority stake in I-Fox Windtechnik India. The target company has a fleet of 230+MW majorly operating in South India. With this acquisition, the Company enters into the multi-brand OEM Wind Turbine O&M business.

The objective behind such acquisition is to promote the Company's inorganic growth journey as it was part of company's strategic decision to grow its fleet. This will empower the Company to leverage the synergies and efficiencies across the combined teams, supply chain capabilities and technical expertise.

Inox Green Energy Services is one of the major wind power operations and maintenance (O&M) service providers within India. The Company is engaged in the business of providing long-term O&M services for wind projects. Published by HT Digital Content Services with permission from Accord Fintech. For any query with respect to this article or any other content requirement, please contact Editor at contentservices@htlive.com