Innio Holding GmbH, a gas engine manufacturer backed by private equity firm Advent International and the Abu Dhabi Investment Authority, has filed for an initial public offering in the United States. The move positions Innio to capitalize on robust investor demand for industrial companies tied to the data center construction boom.

The IPO filing reflects a broader wave of industrial companies seeking to go public as spending on data center infrastructure surges. Power generation equipment makers have become particularly attractive to investors given the massive electricity requirements of AI-focused data centers and cloud computing facilities.

The listing would add to a growing roster of industrial IPOs as markets show renewed appetite for the sector. Advent acquired Innio in 2022 from prior owners. The company manufactures Jenbacher gas engines used for distributed power generation across industrial and commercial applications worldwide.