Innio

Type
Business expansion
Country
Austria
Region
Westösterreich; Tirol; Tiroler Unterland
Location of affected unit(s)
Jenbach
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
100 jobs
Number of planned job creations
Job creation
Announcement Date
6 November 2018
Employment effect (start)
6 November 2018
Foreseen end date

Description

The US industrial enterprise General Electrics has sold its gas engines division to the financial investor Advent International. As a result, the company’s subsidiary in Jenbach merged with its subsidiary in Waukesha to form a new brand called Innio. The company's headquarters will remain in Jenbach, where 100 to 120 jobs are to be created in administration and production. As of November 2018, Innio Jenbach employs 1,600 people including 100 apprentices. The joint company, Innio, operates in Austria, USA and Canada employing 3,000 people in total.

Citation

Eurofound (2018), Innio, Business expansion in Austria, factsheet number 95808, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95808.