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Mutares SE & Co. KGaA

M&A Activity • Jun 20, 2022

M&A Activity

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Mutares SE & Co. KGaA: Seventh Acquisition in 2022: Mutares acquires Heat Transfer Technology from Siemens Energy B.V.

Seventh Acquisition in 2022: Mutares acquires Heat Transfer Technology from Siemens Energy B.V.

• New platform investment which – before joining Siemens Energy – operated under the NEM Energy brand in Zoeterwoude, the Netherlands

• Strengthening the Engineering & Technology segment

• Specialist in the field of heat recovery steam generators for gas-fired power plants and industrial-sized energy efficiency applications

• Significant synergies with the heat transfer business of the Balcke-Dürr Group

Please see attached PDF to view the full announcement.

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