Mutares SE & Co. KGaA

M&A Activity • Dec 1, 2022

Mutares has successfully completed the acquisition of Heat Transfer Technology (NEM Energy) from Siemens Energy B.V.

Mutares has successfully completed the acquisition of Heat Transfer Technology (NEM Energy) from Siemens Energy B.V.

Mutares has successfully completed the acquisition of Heat Transfer Technology (NEM Energy) from Siemens Energy B.V.

• In future operating under the name NEM Energy

• Leading OEM in the field of heat recovery steam generators (HRSG) for gas-fired power plants and industrial-sized energy efficiency applications

• Globally leading supplier in the field of exhaust and diverter solutions

• New platform investment to strengthen the Engineering & Technology segment

• Significant synergy effects with the Balcke-Dürr Group expected

Please see attached PDF to view the full announcement.