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.

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.

NEM Energy B.V. herlanceert haar Linkedin profiel. Word lid van NEM!
NEM Energy B.V., opererend onder de merknaam NEM, is een wereldwijd toonaangevende leverancier van apparatuur op het gebied van warmteoverdrachttechnologie. NEM-producten omvatten afgassenketels (HRSG’s) die afvalwarmte terugwinnen, meestal van gasturbines. NEM-producten verhogen de energie-efficiëntie en verminderen daardoor de uitstoot. Met een kerncompetentie in warmteoverdracht werkt NEM aan diverse nieuwe ontwikkelingen, bijvoorbeeld op het gebied van energieopslag. Interesse? Volg NEM dan op Linkedin.

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 (, 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: [email protected]
Contact Press
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone +49 89 125 09 0333
E-mail: [email protected]


Contact for press inquiries in France
Gaëtan Commault – [email protected] / +33 06 99 37 65 64
Antoine Szarzewski – [email protected] / +33 07 72 45 47 80