{"id":24859,"date":"2016-11-23T10:34:09","date_gmt":"2016-11-23T09:34:09","guid":{"rendered":"https:\/\/mux.muppet-lab.dev\/mutares-strengthens-its-engineering-technology-segment\/"},"modified":"2016-11-23T10:34:09","modified_gmt":"2016-11-23T09:34:09","slug":"mutares-strengthens-its-engineering-technology-segment","status":"publish","type":"post","link":"https:\/\/mutares.com\/en\/mutares-strengthens-its-engineering-technology-segment\/","title":{"rendered":"Mutares strengthens its engineering &#038; technology segment"},"content":{"rendered":"<p class=\"intro\">Mutares AG (ISIN: DE000A0SMSH2) acquires the international equipment manufacturer Balcke-D\u00fcrr from SPX Corporation. In 2015, the company generated revenues of EUR 142m with 650 employees. Mutares intends to further invest in its engineering &#038; technology segment.<\/p>\n<p><!--more--><\/p>\n<p>Mutares entered into an agreement to acquire the international equipment manufacturer Balcke-D\u00fcrr from SPX Corporation. In 2015, the company generated revenues of EUR 142m with 650 employees. Headquartered in Germany, the company has engineering and production sites in Germany, Italy, Poland, Hungary, China, and India.<\/p>\n<p>Balcke-D\u00fcrr manufactures components for energy efficiency and the reduction of emissions in the chemical and power generating industry. With its experience of more than 130 years, the company offers groundbreaking solutions, ranging from standard modules to complete thermal systems. The company\u2019s experienced engineers are specialized in providing advanced solutions fulfilling the highest requirements for safety and sustainability.<\/p>\n<p>Balcke-D\u00fcrr will be part of Mutares\u2019 engineering &#038; technology segment in which Mutares experiences attractive market dynamics. Hence, Mutares will further invest in this segment and is convinced that Balcke-D\u00fcrr will be an ideal platform investment being a renowned brand in the industry. The acquisition is conditioned upon satisfaction of German competition filing requirements. The closing of the transaction is expected to take place before the end of the year.<\/p>\n<p><strong>Company profile of SPX<\/strong><\/p>\n<p>Based in Charlotte, North Carolina, SPX Corporation is a leading supplier of advanced HVAC products, detection and measurement technologies, and power equipment. With operations in about 20 countries, SPX Corporation generated approx. USD 1.7bn in annual revenue in 2015 with approx. 6,000 employees worldwide. SPX Corporation is listed on the New York Stock Exchange under the ticker symbol \u201cSPXC\u201d. For more information, please visit www.spx.com.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mutares AG (ISIN: DE000A0SMSH2) acquires the international equipment manufacturer Balcke-D\u00fcrr from SPX Corporation. In 2015, the company generated revenues of EUR 142m with 650 employees. Mutares intends to further invest in its engineering &#038; technology segment.<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[347],"tags":[],"class_list":["post-24859","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mutares strengthens its engineering &amp; technology segment - Mutares SE &amp; Co. KGaA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mutares.com\/en\/mutares-strengthens-its-engineering-technology-segment\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mutares strengthens its engineering &amp; technology segment\" \/>\n<meta property=\"og:description\" content=\"Mutares AG (ISIN: DE000A0SMSH2) acquires the international equipment manufacturer Balcke-D\u00fcrr from SPX Corporation. In 2015, the company generated revenues of EUR 142m with 650 employees. Mutares intends to further invest in its engineering &#038; technology segment.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mutares.com\/en\/mutares-strengthens-its-engineering-technology-segment\/\" \/>\n<meta property=\"og:site_name\" content=\"Mutares SE &amp; Co. 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