Mutares agreed on 11 November 2026 to sell Spanish gas and diesel engine maker Guascor Energy, together with Guascor Power USA, to Oaktree's Power Opportunities strategy for an equity value of €74.0m.
Deal terms and financing
The sale covers 100% of the shares in Guascor Energy S.A.U. and Guascor Power USA, Inc.
Regulatory approvals and timing
Closing is expected by the end of the fourth quarter of 2026, subject to customary closing conditions including merger control approvals.
Market context
Mutares acquired the business from Siemens Energy in November 2022 as part of a carve-out and has since built it into an independent provider of engineered energy solutions.
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