2G Energy AG — M&A Activity 2015

Feb 27, 2015

News Details

Corporate | 27 February 2015 11:45

2G Energy AG: 2G takes over entirety of its US business

2G Energy AG / Key word(s): Mergers & Acquisitions/Strategic Company Decision

2015-02-27 / 11:45

---

Corporate News from 2G Energy AG February 27, 2015

2G Energy AG takes over entirety of its US business

– Interest in 2G Cenergy Inc., Florida, topped up from 49 % to 100 %

– New structuring of US business and broadening of sales activities launched

Heek, February 27, 2015 – 2G Energy AG (ISIN DE000A0HL8N9), one of the leading German manufacturers of combined heat and power (CHP) systems, acquired the remaining 51 % interest in 2G Cenergy Power Systems Technologies Inc., St. Augustine, Florida, USA, on February 26, 2015. 2G Energy AG has held a 49 % interest in the US sales and service company for 2G’s combined heat and power systems to date. 2G Cenergy’s former majority shareholders will continue to hold senior management roles at the company. As a result of this higher investment interest, 2G Cenergy will be fully consolidated within the Group for the first time as of June 30, 2015.

Through the takeover of 2G Cenergy, 2G aims to realign its operating activities on the US market and leverage synergies. Its sales and marketing base is to be widened, and the capacity utilization of its wholly-owned subsidiary 2G Manufacturing Inc., St. Augustine, is to be boosted. Based on existing expertise and an installed base of already more than 100 systems, a good starting position is in place to bolster the company’s competitive position on the American market and gain further shares in a market that remains attractive.

2G Energy AG short company portrait

2G Energy AG is amongst the world’s leading manufacturer of cogeneration systems (CHP) for decentralized energy production and supply by means of combined heat and power. The company’s product portfolio includes systems with an electrical capacity between 20 kW and 4,000 kW for the operation with natural gas, biogas or bio methane and other lean gases. So far, 2G was able to successfully install thousands of CHPs in 33 countries. Especially, in the performance range of 50 kW to 550 kW 2G possesses own technological combustion engine concepts characterized by low specific fuel consumptions, a high operational availability and optimized service intervals. Next to the main production site at its headquarter in Heek, Germany, the company has invested in an additional production and sales & service site in St. Augustine, Florida, USA. 2G’s customers range from farmers to industrial clients, municipalities, real estate industry, up to municipal utilities and big utility companies. The high level of customer satisfaction is founded on the close-knit service network as well as the high technical quality and performance of 2G power stations. Thanks to the combined heat and power performance they achieve an overall degree of efficiency between 85 percent and well above 90 percent. To further enlarge the technologically leadership the company continuously invests in its R&D activities for gas engines for the use of natural gas, biogas and synthetic gases (e.g. hydrogen). Next to the construction of combined heat and power stations, the company, located in Westphalia in the north-west of Germany, offers integrated solutions reaching from the planning stage and installations to serial service and maintenance work. Due to its decentral locations, scalability and projectable availability combined heat and power stations shall play a crucial role as part of intelligent networked energy systems – so called virtual power stations – within the ongoing switch to clean energy and within modern concepts of energy supply.

2G Energy (ISIN DE000A0HL8N9) is listed in the Entry Standard of Deutsche Börse AG. The share capital amounts to EUR 4,430,000, and is split into 4,430,000 shares. As of December 31, 2014, the company’s founders held 56.1 % of the shares, with the free float amounting to 43.9 %.

Forthcoming dates 2015

19 May, 2015 WGZ Bank Small&MidCap Conference, Düsseldorf

28 May, 2015 Q1 key financial figures & business development

28 May, 2015 Group financial figures as of 31 Dec., 2014

8 July, 2015 Ordinary Annual General Meeting, Ahaus, Germany

29 Sept., 2015 Half year group financial figures as of 30 June, 2015

23-25 Nov., 2015 Deutsches Eigenkapitalforum, Frankfurt

End of Nov., 2015 Q3 key financial figures & business development

Further information: www.2-g.de

IR contact

2G EnergyAG

Benzstr. 3

48619 Heek

Telefon: +49 (0) 2568 93 47-2795

Telefax: +49 (0) 2568 93 47-15

E-Mail: ir@2-g.de

Internet: www.2-g.de

---

2015-02-27 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.

Media archive at www.dgap-medientreff.de and www.dgap.de

---

Language:	English
Company:	2G Energy AG
	Benzstr. 3
	48619 Heek
	Germany
Phone:	+49 (0)2568-9347-0
Fax:	+49 (0)2568-9347-15
E-mail:	service@2-g.de
Internet:	www.2-g.de
ISIN:	DE000A0HL8N9
WKN:	A0HL8N
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt

End of News	DGAP News-Service

- - -
327861  2015-02-27