{"id":33431,"date":"2026-06-10T13:01:02","date_gmt":"2026-06-10T11:01:02","guid":{"rendered":"https:\/\/mutares.com\/?p=33431"},"modified":"2026-06-10T13:01:02","modified_gmt":"2026-06-10T11:01:02","slug":"mutares-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps","status":"publish","type":"post","link":"https:\/\/mutares.com\/en\/mutares-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\/","title":{"rendered":"Mutares has signed an agreement to sell NEM Energy Group to Hyundai Heavy Industries Power Systems (\u201cHPS\u201d)"},"content":{"rendered":"<ul style=\"font-weight: 400;\">\n<li>NEM Energy Group is a leading global OEM supplier of heat transfer technology<\/li>\n<li>Mutares has successfully repositioned NEM into an independent and profitable platform after a complex carve-out in less than 4 years<\/li>\n<li>NEM Energy Group is ready for next growth phase under HPS ownership with a significant order backlog and large pipeline ahead in the market<\/li>\n<li>Closing is expected in Q3 2026<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\"><strong>Munich, June 10, 2026 \u2013 <\/strong>Mutares SE &amp; Co. KGaA (ISIN: DE000A2NB650) (\u201cMutares\u201d) has signed an agreement to sell its portfolio company NEM Energy B.V. and subsidiary NEM Balcke-D\u00fcrr GmbH (together \u201cNEM Energy Group\u201d) to Hyundai Heavy Industries Power Systems Co., Ltd (\u201cHPS\u201d), ultimately owned by MiCo Ltd, listed on the KOSDAQ (KOSDAQ: 059090), a trading board of Korea Exchange. The parties have agreed not to disclose the purchase price and contractual details. The closing of the transaction is subject to customary approvals and is currently expected in the third quarter of 2026.<\/p>\n<p style=\"font-weight: 400;\">NEM Energy Group, headquartered in Zoeterwoude, the Netherlands, is a globally active specialist in heat transfer technology with leading market positions in heat recovery steam generators, exhaust and diverter systems and heat exchanger solutions. The company serves international customers across power generation, oil &amp; gas, industrial applications, nuclear and emerging energy transition markets. In fiscal year 2025, NEM Energy employed approximately 470 people across its locations in the Netherlands, Germany and India.<\/p>\n<p style=\"font-weight: 400;\">Since acquiring NEM Energy from Siemens Energy in December 2022 as part of a carve-out transaction, Mutares has successfully transformed the business into an independent, innovative, operationally strengthened and sustainably profitable standalone platform. During Mutares\u2019 ownership, NEM strengthened its operational setup and invested in a new go-to-market approach, reflected in a strong project pipeline and a globally diversified customer base.<\/p>\n<p style=\"font-weight: 400;\">The transaction marks a successful exit for Mutares and underlines the ability to create substantial shareholder value through operational transformation and strategic repositioning. Mutares focuses on companies operating in sectors with structural tailwinds, where demand dynamics support long-term growth. The energy sector, in particular, benefits from increasing global demand for reliable, efficient and lower\u2011emission power generation solutions, energy security considerations and the ongoing transition of the global energy system. NEMs position within these high-demand and developing markets aligns well with Mutares\u2019 investment approach and value\u2011creation expertise.<\/p>\n<p style=\"font-weight: 400;\">Johannes Laumann, CIO of Mutares, comments: \u201cNEM Energy Group is a strong example of what we do best \u2013 identifying companies with potential, transforming them into high-performing standalone platforms, and creating value for all stakeholders. The energy sector is experiencing exceptional structural demand dynamics, and we have positioned NEM Energy perfectly to benefit from this environment. We are proud of having been part of the NEM journey and we are convinced that the HPS team is the best possible owner to support NEM Energy Group towards a future of further growth and profitable success. We would like to thank the HPS team for the pleasant cooperation and wish them a great journey ahead with the excellent teams of the NEM Energy Group.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/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-33431","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 v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mutares has signed an agreement to sell NEM Energy Group to Hyundai Heavy Industries Power Systems (\u201cHPS\u201d) - 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-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mutares has signed an agreement to sell NEM Energy Group to Hyundai Heavy Industries Power Systems (\u201cHPS\u201d)\" \/>\n<meta property=\"og:description\" content=\"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 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mutares.com\/en\/mutares-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\/\" \/>\n<meta property=\"og:site_name\" content=\"Mutares SE &amp; Co. KGaA\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-10T11:01:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mutares.com\/wp-content\/uploads\/2026\/02\/mutares-social-icon.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"WordPress Service\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Mutares1\" \/>\n<meta name=\"twitter:site\" content=\"@Mutares1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"WordPress Service\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\\\/\"},\"author\":{\"name\":\"WordPress Service\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#\\\/schema\\\/person\\\/527b9edd6203a78e0e954c0f8e84fe69\"},\"headline\":\"Mutares has signed an agreement to sell NEM Energy Group to Hyundai Heavy Industries Power Systems (\u201cHPS\u201d)\",\"datePublished\":\"2026-06-10T11:01:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\\\/\"},\"wordCount\":508,\"publisher\":{\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#organization\"},\"articleSection\":[\"Press Releases\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\\\/\",\"url\":\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\\\/\",\"name\":\"Mutares has signed an agreement to sell NEM Energy Group to Hyundai Heavy Industries Power Systems (\u201cHPS\u201d) - Mutares SE &amp; Co. KGaA\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#website\"},\"datePublished\":\"2026-06-10T11:01:02+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\\\/\\\/mutares.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mutares has signed an agreement to sell NEM Energy Group to Hyundai Heavy Industries Power Systems (\u201cHPS\u201d)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/mutares.com\\\/en\\\/\",\"name\":\"Mutares\",\"description\":\"Listed Private Equity Special Situations Investor\",\"publisher\":{\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/mutares.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#organization\",\"name\":\"Mutares SE & Co. KGaA\",\"url\":\"https:\\\/\\\/mutares.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/mutares.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/mutares-logo-1.svg\",\"contentUrl\":\"https:\\\/\\\/mutares.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/mutares-logo-1.svg\",\"width\":\"1030\",\"height\":\"1030\",\"caption\":\"Mutares SE & Co. KGaA\"},\"image\":{\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/Mutares1\",\"https:\\\/\\\/de.linkedin.com\\\/company\\\/mutares-ag\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#\\\/schema\\\/person\\\/527b9edd6203a78e0e954c0f8e84fe69\",\"name\":\"WordPress Service\",\"sameAs\":[\"https:\\\/\\\/muppet-lab.com\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Mutares has signed an agreement to sell NEM Energy Group to Hyundai Heavy Industries Power Systems (\u201cHPS\u201d) - Mutares SE &amp; Co. KGaA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mutares.com\/en\/mutares-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\/","og_locale":"en_GB","og_type":"article","og_title":"Mutares has signed an agreement to sell NEM Energy Group to Hyundai Heavy Industries Power Systems (\u201cHPS\u201d)","og_description":"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 [&hellip;]","og_url":"https:\/\/mutares.com\/en\/mutares-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\/","og_site_name":"Mutares SE &amp; Co. KGaA","article_published_time":"2026-06-10T11:01:02+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/mutares.com\/wp-content\/uploads\/2026\/02\/mutares-social-icon.jpg","type":"image\/jpeg"}],"author":"WordPress Service","twitter_card":"summary_large_image","twitter_creator":"@Mutares1","twitter_site":"@Mutares1","twitter_misc":{"Written by":"WordPress Service","Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mutares.com\/en\/mutares-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\/#article","isPartOf":{"@id":"https:\/\/mutares.com\/en\/mutares-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\/"},"author":{"name":"WordPress Service","@id":"https:\/\/mutares.com\/en\/#\/schema\/person\/527b9edd6203a78e0e954c0f8e84fe69"},"headline":"Mutares has signed an agreement to sell NEM Energy Group to Hyundai Heavy Industries Power Systems (\u201cHPS\u201d)","datePublished":"2026-06-10T11:01:02+00:00","mainEntityOfPage":{"@id":"https:\/\/mutares.com\/en\/mutares-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\/"},"wordCount":508,"publisher":{"@id":"https:\/\/mutares.com\/en\/#organization"},"articleSection":["Press Releases"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/mutares.com\/en\/mutares-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\/","url":"https:\/\/mutares.com\/en\/mutares-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\/","name":"Mutares has signed an agreement to sell NEM Energy Group to Hyundai Heavy Industries Power Systems (\u201cHPS\u201d) - Mutares SE &amp; Co. KGaA","isPartOf":{"@id":"https:\/\/mutares.com\/en\/#website"},"datePublished":"2026-06-10T11:01:02+00:00","breadcrumb":{"@id":"https:\/\/mutares.com\/en\/mutares-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mutares.com\/en\/mutares-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/mutares.com\/en\/mutares-has-signed-an-agreement-to-sell-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/mutares.com\/en\/"},{"@type":"ListItem","position":2,"name":"Mutares has signed an agreement to sell NEM Energy Group to Hyundai Heavy Industries Power Systems (\u201cHPS\u201d)"}]},{"@type":"WebSite","@id":"https:\/\/mutares.com\/en\/#website","url":"https:\/\/mutares.com\/en\/","name":"Mutares","description":"Listed Private Equity Special Situations Investor","publisher":{"@id":"https:\/\/mutares.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mutares.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/mutares.com\/en\/#organization","name":"Mutares SE & Co. KGaA","url":"https:\/\/mutares.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/mutares.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/mutares.com\/wp-content\/uploads\/2022\/02\/mutares-logo-1.svg","contentUrl":"https:\/\/mutares.com\/wp-content\/uploads\/2022\/02\/mutares-logo-1.svg","width":"1030","height":"1030","caption":"Mutares SE & Co. KGaA"},"image":{"@id":"https:\/\/mutares.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/Mutares1","https:\/\/de.linkedin.com\/company\/mutares-ag"]},{"@type":"Person","@id":"https:\/\/mutares.com\/en\/#\/schema\/person\/527b9edd6203a78e0e954c0f8e84fe69","name":"WordPress Service","sameAs":["https:\/\/muppet-lab.com"]}]}},"_links":{"self":[{"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/posts\/33431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/comments?post=33431"}],"version-history":[{"count":1,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/posts\/33431\/revisions"}],"predecessor-version":[{"id":33432,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/posts\/33431\/revisions\/33432"}],"wp:attachment":[{"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/media?parent=33431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/categories?post=33431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/tags?post=33431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}