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Daldrup & Söhne AG
Regulatory Filings • May 3, 2017
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Corporate | 3 May 2017 11:06
Daldrup & Söhne AG receives major order for four geothermal drillings from Stadtwerke München
DGAP-News: Daldrup & Söhne AG / Key word(s): Incoming Orders
03.05.2017 / 11:06
The issuer is solely responsible for the content of this announcement.
CORPORATE NEWS
Daldrup & Söhne AG receives major order for four geothermal drillings from Stadtwerke München
– Drillings are part of Stadtwerke München’s plan to provide 100% of district heating from renewable energies
Grünwald / Ascheberg, Germany, May 3, 2017 – The drilling technology and geothermics specialist Daldrup & Söhne AG (ISIN DE0007830572) has received a major order from Munich-based energy provider Stadtwerke München GmbH (SWM) to drill two geothermal doublers (four deep drillings) for the production of geothermal energy. With a value in the double-digit million range, the order is one of the largest in the company’s history. The drillings will go into a depth of more than 4,000 meters with work to start later this year. The drillings are part of SWM’s vision for district heating, which calls for Munich to be Germany’s first major city whose district heating will be generated entirely through renewable energies by 2040. Geothermal energy from hot thermal water is key to the production of this heating: Munich is located on top of vast supplies of this environmentally friendly energy, which is contained in easily permeable layers of limestone that are part of the geological layers underneath the city.
“SWM has opted for one of Europe’s most experienced geothermics specialists,” says Josef Daldrup, CEO of Daldrup & Söhne AG. “We are excited to support SWM in implementing their 100 percent renewable energies strategy, and to establish geothermal energy as a climate-friendly local heat supplier on an industrial scale for Munich with its more than one million inhabitants.”
About Daldrup & Söhne AG
Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a corporate history spanning more than 60 years is a specialist provider of drilling and environmental services and ranks as one of the leading companies in Germany. Its activities are divided into the business divisions Geothermics, Raw Materials & Exploration, Water Extraction as well as Environment, Development & Services (EDS). The Geothermics business division provides drilling services for near-surface geothermics (especially geothermal probes of heat pumps), along with drilling services for deep geothermics up to 6000 m, in order to utilise the geothermal energy accessible in this way for electricity and/or heat generation. In the Raw Materials and Exploration business division, the bores made by Daldrup & Söhne AG serve for exploring and developing fossil fuel deposits (especially coal and gas) as well as mineral resources and ores (e.g. copper and gold). The Water Extraction business division comprises well construction for the extraction of drinking, service, curative, mineral, boiler-feed or cooling water as well thermal brine. The Environment, Development & Services (EDS) business division comprises special environmental engineering services such as the hydraulic clean-up of contaminated sites, the drilling of gas extraction wells for recovering waste dump gas, the provision of groundwater quality measuring points or the installation of water purification plants.
The majority stake in Geysir Europe GmbH also gives the Daldrup Group its own fields of experience in the exploration of geothermal energy in the Bavarian Molasse Basin and in the Upper Rhine Plain. The existing project management and power station expertise means that all stages of value creation can be covered for a deep geothermics project.
The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment in the open market of the Frankfurt Stock Exchange).
Disclaimer
This publication represents neither an offer for sale nor a call to submit a tender for the purchase or underwriting of securities. This publication and the information it contains is not intended for direct or indirect dissemination in or within the United States of America (“USA”), Canada, Australia or Japan.
Press & Investor Relations Contact:
Daldrup & Söhne AG
Falk v. Kriegsheim
Phone +49 (0)2593-9593-29
Fax +49 (0)2593-9593-60
Bavariafilmplatz 7 [email protected]
82031 Grünwald/Geiselgasteig www.daldrup.eu
03.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Daldrup & Söhne AG |
| Bavariafilmplatz 7 / Gb. 32 | |
| 82031 Grünwald/Geiselgasteig | |
| Germany | |
| Phone: | +49 (0) 89 / 45 24 37 920 |
| Fax: | – |
| E-mail: | [email protected] |
| Internet: | www.daldrup.eu |
| ISIN: | DE0007830572 |
| WKN: | 783057 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt |
| End of News | DGAP News Service |