Medium-voltage switchgear and grid automation technology firm NOJA Power has entered into a definitive agreement to be acquired by Goldman Sachs Alternatives.
This investment marks a significant milestone for the Brisbane-based manufacturer and positions the company to accelerate its next phase of international growth, innovation, and long-term investment in its business.
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Under the terms of the agreement, founders Neil O’Sullivan, Oleg Samarski, Jay Manne, and Quynh Anh Le will make a significant reinvestment alongside Goldman Sachs Alternatives and will continue to lead the business.
NOJA Power group managing director and CEO Neil O’Sullivan said, “Partnering with Goldman Sachs Alternatives marks the beginning of an exciting new chapter for NOJA Power.
“Their global platform and long-term investment approach aligns with our ambition to accelerate growth, expand manufacturing capacity and continue delivering cutting-edge grid automation technology to customers worldwide.”
Goldman Sachs Alternatives Asia Pacific head of private and growth equity Stephanie Hui said, “NOJA Power is a standout Australian engineering success story, combining differentiated technology, global market leadership, and an exceptional founder-led culture.
“We are excited to work closely with NOJA’s founders, including group managing director and CEO Neil O’Sullivan, as they build on the company’s strong track record of innovation and expand its international footprint.
“This investment reflects our strategy of investing in and partnering with market-leading businesses serving critical infrastructure. As electricity networks become increasingly digital, resilient and interconnected, we believe NOJA Power is exceptionally well positioned for its next phase of long-term growth.”
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The transaction remains subject to regulatory approvals, including a review by Australia’s Foreign Investment Review Board. Completion is expected later in 2026.
