OPRA GROUP Acquires majority interest in Airem Energy

OPRA Turbines B.V., a leading manufacturer of advanced gas turbine based generator sets, announces as of today that an agreement has been signed to acquire a 94% interest in Airem Energy, a business division of AFG Holdings, Inc.

AFG Holdings entered into a partnership with OPRA early last year and acted through Airem Energy as a reseller, packager and service provider for OPRA in the Americas. The partnership with AFG Holdings has now ended as Airem is now an independent company under the OPRA Group. AFG Holdings retains a minority interest in Airem Energy.

“OPRA is further executing its growth and development strategy. Having worked together with the Airem team for over a year now and successfully selling the oil & gas package, we are confident in their ability. This acquisition strengthens OPRA’s presence in the Americas as it allows us to continue to grow this market with the already thriving Airem team. We will continue to localize packaging production and service offerings where our customers in the Americas will continue to enjoy the combined performance of our teams.” Juha van Riet, CEO, OPRA Turbines.

“Being part of the OPRA Group is an exciting opportunity for Airem to join a team taking an innovative approach to Driving the World’s Energy Transition. We have had a truly unique partnership with Juha’s team and combining Airem’s experience with the proven OPRA technology will allow the team to better serve our clients and enhance our presence in the America’s as well as accelerate the global platform.” Rob Marchitello, CEO of Airem Energy.

About Airem Energy:

Airem is a premier packager, service provider and project operator of ultra‐clean, highly reliable gas turbines for the Americas. The business was created in 2019 to meet the rising demand of distributed generation and sustainability. Proprietary mobile package design customized for quick deployment and installation coupled with complimentary gas compression technology offering to meet today’s toughest challenges. Airem Energy is located in Brookshire, TX, USA. www.airemenergy.com