Mutares has signed an agreement to sell NEM Energy Group to Hyundai Heavy Industries Power Systems (“HPS”)
- NEM Energy Group is a leading global OEM supplier of heat transfer technology
- Mutares has successfully repositioned NEM into an independent and profitable platform after a complex carve-out in less than 4 years
- NEM Energy Group is ready for next growth phase under HPS ownership with a significant order backlog and large pipeline ahead in the market
- Closing is expected in Q3 2026