NEM Energy is awarded a new multi-million euro energy efficiency project in Qatar

NEM will provide services to existing Heat Recovery Steam Generator (HRSG) installations that will increase the availability and reliability of a critical industrial site where LNG is produced. These installations were initially installed by another Original Equipment Manufacturer (OEM), but the customer selected NEM for its unique know-how and expertise in HRSGs. NEM has provided many steam generators to various operators in Qatar. The first installations were shipped from the Netherlands to Qatar already in the seventies.

NEM is committed to supporting Qatar to improve energy efficiency and thereby reducing emissions. Director of NEM Boiler Services Frits Engelage is proud about this new order: ”We are extremely happy to work on this project. It underwrites the know-how of NEM and its capability to service any HRSG type and make. We are dedicated to support customers with energy efficiency improvements”. NEM provides a full range of services for existing HRSG installations that can help operators improve the performance of their installations.

This portfolio is high lighted here.

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Revealing the new NEM logo

Revealing the new NEM logo in our NEM Energy B.V. headquarters last week was a success. Board members John Fransen and Alexander Wisse revealed the new NEM logo by pulling away the old NEM logo which covered the new one. This is a historical step for our company. The new and modern NEM logo stands for a fresh start under shareholder Mutares SE & Co. KGaA. NEM, originally established in 1929 in Leiden, the Netherlands, is continuing to be an independent Original Equipment Manufacturer in the field of energy related equipment such as Heat Recovery Steam Generators (HRSGs) and Exhaust Solutions. We thank all of you who contributed to the successful launch of NEM Energy B.V.

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New Management Board

NEM Energy B.V. welcomes a new board of management.

Find here below an introduction of the three new board members.

From left to right: Lars Vogtländer, Alexander Wisse and John Fransen

John Fransen
After a bachelor and master’s degree in Engineering, John started his career as an engineer and later project manager, executing various international projects in the field of energy and power generation. John re-joined NEM in 2009. He held different roles during the period where the NEM organization was called (under Siemens Energy ownership) Heat Transfer Technology (HTT) and became head of HTT in 2021. John has joined the new management board of NEM Energy B.V. as Chief Operating Officer.

Sander Wisse
After studying at the Polytecnic The Hague University of Applied Sciences in the Netherlands, Alexander worked in various commercial roles at international companies active in the energy industry. In 2011 he joined Balcke-Duerr where he became managing director in 2020. Alexander has joined the new management board of NEM Energy B.V. as Chief Executive Officer.

Lars Vogtländer
Lars obtained a Master’s degree in Mechanical Engineering at the Delft University of Technology as well as a Post Master in Finance (RC/CMA) at the Nyenrode Business University. After starting his career at the Boston Consulting Group as strategy consultant, he held various senior financial positions among which CFO at Breens Network (a fast growing PE-backed IT company). Lars has joined the new management board of NEM Energy B.V. as Chief Financial Officer.

Who is NEM Energy?
NEM Energy B.V., operating under the NEM brand, is a globally leading equipment supplier in the field of heat transfer technology with close to a century of experience, known for its quality and innovation with a focus on people and safety. NEM supplies solutions for power generation, oil & gas and many other industries, from design to aftermarket services.

NEM has supplied close to 1,000 steam generators on six continents, with a total equivalent capacity that could power 200 million households. With close to a century of history, NEM is a renowned brand in field of energy, globally. NEM’s headquarters are located in Zoeterwoude, the Netherlands.

NEM Energy, Branch Germany focuses on Exhaust and Diverter Solutions and is located in Recklinghausen, Germany

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Follow us on LinkedIn

NEM Energy B.V. re-launches its Linkedin profile. Join NEM!

NEM Energy B.V., operating under the NEM brand, is a globally leading equipment supplier in the field of heat transfer technology. NEM products include Heat Recovery Steam Generators (HRSGs) that recover waste heat, typically from gas turbines. NEM products increase energy efficiency and thereby reduce emissions. With a core competence in Heat Transfer, NEM works on various new developments, for instance in the area of Energy Storage. Interest? Then follow NEM on Linkedin.

https://www.linkedin.com/company/nem/

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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.

  • 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

Munich, Amsterdam, 1 December 2022 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Heat Transfer Technology from Siemens Energy B.V. This new platform investment is strengthening the Engineering & Technology segment under the name NEM Energy B.V.

The company, founded in 1929, is headquartered in Zoeterwoude, the Netherlands, employs more than 280 people and operates a fully-loaded order backlog. The exhaust and diverter solutions business is located in Recklinghausen, Germany, and is an integral part of NEM Energy B.V. Formerly already known under the NEM brand, the company is active worldwide in the development, design, engineering, procurement, and supply of steam generators, covering a wide range of heat transfer applications, from industrial-sized waste heat boilers to large heat recovery steam generators for gas-fired power plants. The company is among the top three suppliers globally in terms of total number of units installed and a leading innovator in the field of both horizontal and vertical boilers.

 

 

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.de), as a listed private equity holding company with offices in Munich (HQ), Amsterdam, Frankfurt, Helsinki, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires medium-sized companies in special situations, based in Europe, which show significant operational improvement potential and are sold again after undergoing a repositioning and stabilization process. For the financial year 2022, consolidated revenues of approx. EUR 4 billion are expected. Based on this, consolidated revenues are to be expanded to approx. EUR 7 billion by 2025. As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding. Accordingly, a net profit in the holding company in the range of EUR 125 million to EUR 150 million is expected for the financial year 2025. The Management Board and Supervisory Board together hold more than one third of all Mutares shares with voting rights. The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol “MUX” (ISIN: DE000A2NB650).

For more information, please contact:

Mutares SE & Co. KGaA
Investor Relations
Phone +49 89 9292 7760
E-mail: ir@mutares.de
www.mutares.de
Contact Press
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

 

Contact for press inquiries in France
CLAI
Gaëtan Commault – gaetan.commault@clai2.com / +33 06 99 37 65 64
Antoine Szarzewski – antoine.szarzewski@clai2.com / +33 07 72 45 47 80

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