{"id":33636,"date":"2026-09-09T10:29:50","date_gmt":"2026-09-09T08:29:50","guid":{"rendered":"https:\/\/mutares.com\/?p=33636"},"modified":"2026-09-09T10:30:16","modified_gmt":"2026-09-09T08:30:16","slug":"mutares-has-completed-the-sale-of-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps","status":"publish","type":"post","link":"https:\/\/mutares.com\/en\/mutares-has-completed-the-sale-of-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\/","title":{"rendered":"Mutares has completed the sale of NEM Energy Group to Hyundai Heavy Industries Power Systems (\u201cHPS\u201d)"},"content":{"rendered":"<ul>\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 four 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>Exit delivers significant contribution to guidance for the current fiscal year<\/li>\n<\/ul>\n<p><strong>Munich, September 9, 2026<\/strong> \u2013 Mutares SE &amp; Co. KGaA (ISIN: <a href=\"https:\/\/live.deutsche-boerse.com\/equity\/mutares-se-co-kgaa?mic=XFRA\">DE000A2NB650<\/a>) (\u201cMutares\u201d) has sold 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), 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 further contractual details.<\/p>\n<p>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>Since acquiring NEM Energy from Siemens Energy in December 2022 as part of a carve-out transaction, Mutares has successfully transformed NEM Energy into an independent, innovative, operationally strengthened and sustainably profitable standalone platform. During Mutares\u2019 ownership, NEM significantly enhanced 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>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. NEM\u2019s position within these high-demand and dynamic markets aligns well with Mutares\u2019 investment approach and value\u2011creation expertise.<\/p>\n<p><strong>Johannes Laumann, CIO of Mutares, comments<\/strong>: \u201cThe sale of NEM Energy Group marks a major milestone for Mutares, reflecting our ability to deliver on our strategic goals and representing a significant contribution towards our guidance for the current fiscal year. NEM is the perfect example of our strength in identifying companies with potential and transforming them into high-performing standalone platforms. With HPS, NEM Energy Group has found the best possible owner to support its future growth and success, and we are excited for what lies ahead.\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 four 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-33636","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mutares has completed the sale of 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-completed-the-sale-of-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 completed the sale of 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 four 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-completed-the-sale-of-nem-energy-group-to-hyundai-heavy-industries-power-systems-hps\/\" \/>\n<meta property=\"og:site_name\" content=\"Mutares SE &amp; Co. 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