Mutares (ISIN: DE000A0SMSH2) has acquired Donges Steeltec, one of Germany\u2019s leading steel construction companies, from Mitsubishi Hitachi Power Systems Europe. Donges generates a turnover of EUR 36m with 200 employees. The business provides significant synergies with Balcke-D\u00fcrr, Mutares\u2019 manufacturer of power plant components.<\/p>\n
Mutares has acquired Donges Steeltec from Mitsubishi Hitachi Power Systems Europe. Donges is one of Germany\u2019s leading steel construction companies located in Darmstadt. It generates a turnover of EUR 36m with 200 highly qualified employees. Its product range is focussed on bridges, power plants, sports arenas, hangars as well as industrial and transport constructions. Particularly the dynamic business with bridges should boost Donges\u2019 development in the coming years. <\/p>\n
The divestment of Donges was driven by a refocusing of Mitsubishi Hitachi Power Systems Europe on its core business. Donges fits perfectly into Mutares\u2019 Engineering & Technology segment and provides significant synergy potential with Balcke-D\u00fcrr in procurement, sales, and IT. The operational experience of Mutares and Balcke-D\u00fcrr was highly appreciated by the seller which is another confirmationof Mutares\u2019 unique positioning. <\/p>\n
Company profile of Mitsubishi Hitachi Power Systems Europe<\/strong><\/p>\n Mitsubishi Hitachi Power Systems Europe (MHPS Europe) designs and constructs thermal power plants. The plant constructor also supplies key components such as utility steam generators, environmental engineering equipment, turbines and pulverizers. The company has 1,450 employees. As a market and technology leader – in utility steam generators, for instance \u2013 MHPS Europe relies on modern, ecologically sound and economic plants. In this way, the company plays a prime role in securing the supply of electricity on its markets. MHPS Europe offers an extensive and flexible service to its customers: from revamping through to repairs and from maintenance through to power plant servicing.<\/p>\n","protected":false},"excerpt":{"rendered":" Mutares (ISIN: DE000A0SMSH2) has acquired Donges Steeltec, one of Germany\u2019s leading steel construction companies, from Mitsubishi Hitachi Power Systems Europe. Donges generates a turnover of EUR 36m with 200 employees. The business provides significant synergies with Balcke-D\u00fcrr, Mutares\u2019 manufacturer of power plant components. Mutares has acquired Donges Steeltec from Mitsubishi Hitachi Power Systems Europe. Donges […]<\/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-24881","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n