On October 2, INNIO Holding GmBH rose 5.69% in regular trading, trading at $19.155 per share, with turnover of approximately $4.62 million. The rally was primarily driven by the company's announcement that it has completed its acquisition of Enerflex's aftermarket business operations in Australia, Thailand, and Indonesia.

The transaction strengthens INNIO's presence in the Asia-Pacific region and expands its ability to serve customers through enhanced local service capabilities and greater customer proximity. Financial terms of the deal were not disclosed. The acquisition aligns with INNIO's broader growth strategy, as both Fitch and Moody's recently upgraded the company's credit ratings, with Fitch raising its long-term issuer default rating to BB from B+ and its senior secured debt rating to BB+ from B+, reflecting improving financial health.

Additionally, the company earlier booked a 450-megawatt order for its Jenbacher J624 containerized gas engines in Q3, intended to power AI data centers for a major North American energy customer, with delivery expected by 2028. The combination of the Asia-Pacific acquisition and the landmark data center order has continued to bolster market sentiment.

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