Bluspring Enterprises’ wholly-owned subsidiary -- Bluspring New Horizon One (BNHOPL) has entered into a definitive agreement to acquire 100% shareholding in STEAG Energy Services India (STEAG India). STEAG India is currently a wholly owned subsidiary of STEAG Power GmbH, a leading energy company in Germany. STEAG India has two subsidiaries which will become step-down subsidiaries of BNHOPL. The transaction is expected to close within the next 60-90 days, subject to customary closing conditions.

The acquisition significantly enhances the company’s capabilities across upstream and downstream power services, and will accelerate its expansion in the rapidly growing power infrastructure market in India and internationally. STEAG India’s established Digital capabilities in Performance Monitoring, Predictive Analytics, Diagnostics and Training Simulator with Flexibilization, Simulation studies etc. will further enhance the company’s ability to deliver high-value, technology-enabled O&M/ Digital system solutions to its global client base.

Bluspring Enterprises is an infrastructure management services company committed to delivering operational excellence through smart, sustainable, and secure experiences.