Successful integration of NEM Energy and Balcke-Dürr to one Group to materialize synergies
- Successful integration of NEM Energy and Balcke-Dürr
- “NEM Energy Group” with revenues of approx. EUR 340 million
- Strengthening of the product and service portfolio and realization of synergies
Munich, 3 May 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully executed the legal integration of Balcke-Dürr GmbH into NEM Energy B.V. On 29 March 2023, NEM Energy B.V. has fully acquired Balcke-Dürr GmbH and its subsidiaries. The companies are suppliers and service providers of heat recovery steam generators, heat exchangers and reactors and belong to the Engineering & Technology segment of the Mutares Group. Balcke-Dürr has been part of the Mutares portfolio since 2016 and NEM was acquired in December 2022.
With more than 130 years of experience, the Balcke-Dürr Group offers innovative energy efficiency solutions for utilities and companies active in the nuclear, gas power generation as well as chemical industries. With the integration of both companies, the new “NEM Energy Group”, will achieve approx. EUR 340 million in revenues and employs around 500 employees across 4 different locations in Germany and the Netherlands.
Following the successful integration, Balcke-Dürr will become a part of the “NEM Energy Group”. This allows both companies to exploit significant synergies in various fields, for example, to increase the service business by further expanding the product offering and addressing the global boiler fleet of NEM Energy B.V. However, the Balcke-Dürr entities will continue to run under their legal name. In the future, both companies will work closely together to strengthen and expand the joint product and service portfolios.
Johannes Laumann, CIO of Mutares SE & Co. KGaA, comments: “The integration of the Balcke-Dürr Group with NEM Energy B.V will materialize significant synergies and provide a broad range of service offerings to the extended customer base.”