(16th December 2003 – Australia) Macquarie Bank is set to acquire US cooling solutions company Exelon Thermal Technologies for A$182 million.The bank said it will fund the purchase price through a mixture of debt and equity and will consider transferring the acquisition to a Macquarie-managed company or US-based company.
The purchase of Exelon, which provides environmentally friendly cooling solutions to Chicago-based facilities, follows a busy period of asset acquisitions for Macquarie, particularly in the European markets.
The bank recently snapped up Sweden’s A-Train operations for A$76 million and UK water utility South East Water for A$1.67 million as assets for its Macquarie European Infrastructure Fund (MEIF).
The MEIF is the bank’s fourth largest infrastructure fund outside of Australia.