Steinmüller Engineering

Steinmüller Engineering is a German developer of thermal-process engineering solutions for the energy and industrial sectors. The company provides engineering and procurement services as well as turnkey EPC solutions for combustion and incineration systems, air pollution control and heat transfer, mainly for clients in the utility, waste, chemical and industrial sectors. Its offering is underpinned by a portfolio of European patents.

The company traces its roots back to 1874 and has been part of the Japanese IHI Group since 2014. Headquartered in Gummersbach, Germany, it employs approximately 170 people and generated a total output of close to EUR 100 million in the last financial year. Steinmüller has delivered more than 1,300 projects in the area of thermal-process engineering for over 500 customers in 80 countries.

Strategy

Steinmüller is a new platform within Mutares’ Energy & Technology segment and will operate alongside Sofinter Group in the fast-growing market for decarbonization technologies. Mutares sees significant synergies between the two companies and aims to combine their strengths to build a leading market position, following a value-creation path similar to that of NEM Energy Group. Steinmüller’s engineering expertise and European patent portfolio provide a solid foundation, while regulation-driven demand for the energy transition and industrial decarbonization supports its growth outlook.