INNIO Group acquires Souer, expanding Asia-Pacific presence
INNIO Group has acquired Souer Co., Ltd., a specialist in engine-based technology and customer-centric services within the midstream and power generation industries. Souer has developed strong, established relationships with multinational and local companies throughout Southeast Asia.
Asia Pacific has accounted for 11% of global energy demand growth since 2010, with projections indicating it will contribute over 25% of growth through 2035[1]. Currently, INNIO Group’s Asia Pacific footprint includes over 3,000 delivered engines and acquiring Souer will enhance customer proximity and expand business strategies.
Founded in 1987 by Jos Souer, Souer Ltd. was later led by Danny Pauw together with Namtip Duffield and David Shelley as the management team. For almost 35 years, Souer has been a distributor and service provider for Waukesha technology in Thailand, Laos, Myanmar, and Cambodia. Almost 10 years ago, it was awarded the Jenbacher distributorship for Thailand, offering a comprehensive range of engines operating on climate-neutral gases such as biogas.
Souer is committed to providing sustainable energy solutions around INNIO Group’s Jenbacher and Waukesha offering, and related customer-centric services (from spare part sales to major engine overhauls). Based in Phitsanulok, Souer operates from an advanced facility offering comprehensive customer support. It features a product training center and a 2,400 m² workshop.
“We are excited to build on Souer's experienced team to bring us closer to customers in Asia Pacific,” said Dennis Schulze, CFO of INNIO Group. “Acquiring one of our most successful distributors enhances our offerings for new installations and services. It adds a product training center and project management expertise to our team.”
The transaction reinforces INNIO Group's strategic initiative to strengthen its direct presence in Asia Pacific through the acquisition of longstanding distributors.
