Bluspring Enterprises, a city-based firm that deploys more than 90,000 workers across industries and manages infrastructure for more than 1,000 businesses across the country, on Friday announced that its wholly-owned industrial asset management subsidiary Bluspring New Horizon One has entered into a definitive agreement to acquire 100% stake in Energy Services India (SESI10AG) in a cash deal. crore.
The transaction is expected to close in the next 60-90 days.
Owned by STEAG Power, a German energy company, SESI offers operations and maintenance, digital solutions and comprehensive engineering and management consultancy services for conventional and renewable energy sources in India, Botswana, West Asia and other markets.
According to Bluspring Enterprises, the acquisition through its subsidiary will significantly strengthen Bluspring’s position in the global electricity market and should increase margins, earnings per share (EPS) and long-term value. Bluspring will also bring over 7 GW of assets under management, nearly 2,000 specialists and STEAG India’s strong engineering, consulting and digital skills.
STEAG India has two subsidiaries which will become subsidiaries of Bluspring New Horizon One after the acquisition.
Published – 21 March 2026 0:04 IST
