Gas engine manufacturer Innio Holding GmbH filed for a US initial public offering, joining a slew of industrial companies looking to tap the surge in data center spending.

The company, backed by private equity firm Advent, reported a net loss of $7.2 million on revenue of $668.6 million in the first three months of 2026 compared to net income of $35 million on revenue of $494 million in the same period the year before, according to its filing Monday with the US Securities and Exchange Commission.