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Data center demand could triple by 2030; Generac buys Enercon for backup power
Generac (NYSE: GNRC) has signed an agreement to acquire Enercon Engineering, a company specializing in generator enclosures and UL-certified switchgear, to expand its capacity for the rapidly growing data center and commercial & industrial markets. Enercon, founded in 1975, brings 50 years of expertise, over 120 employees, and a 160,000-square-foot manufacturing facility. This acquisition is part of Generac’s strategy to double its C&I product sales, supporting the anticipated tripling of global data center capacity by 2030, with the closing expected in Q2 2026 pending regulatory approvals.