REMONDIS sells XERVON Energy GmbH to Hitachi Power Europe
Hitachi Power Europe extends its range of services
Duisburg. Hitachi Power Europe GmbH (HPE) is taking over XERVON Energy GmbH, a leading international service provider active in the area of energy and power plants. HPE is purchasing the shares in the company from REMONDIS (Lünen), one of the world's largest water and environmental service companies. The takeover has yet to be approved by the relevant authorities; the parties have agreed not to disclose the financial details of the acquisition.
As a result of this purchase, HPE has succeeded in considerably extending its product range and areas of expertise within the field of power plant services. XERVON Energy, which is based in the German city of Duisburg, focuses primarily on optimising and maintaining power plants as well as delivering all spare parts for such facilities.
Klaus-Dieter Rennert, chairman of HPE's executive management team, explained how the takeover of XERVON Energy fits perfectly into Hitachi's global strategy: "By extending our service activities, we will be able to play a much bigger role in this rapidly expanding market." Moreover, XERVON Energy and its experienced team of experts is an excellent addition to a business that specializes in building new plants such as Hitachi Power Europe. "Having built power plants for our customers, we can now offer them an extensive range of long-term services from which all parties involved will benefit."
Hitachi Power Europe
Hitachi Power Europe GmbH (HPE), a subsidiary of Hitachi, Ltd., plan and builds fossil-fuelled power plants. This plant construction company also supplies key components such as utility steam generators, environmental engineering equipment, turbines and pulverizers. Together with its subsidiaries, the company employs approx. 1,800 people (as of April 2012). Being both a market and technology leader - for example in the area of utility steam generators - HPE focuses on modern, cost-efficient and environmentally friendly plants. By doing so, this Duisburg-based company plays an important role in ensuring there is a guaranteed supply of electricity in the markets it is active in.
REMONDIS is one of the world's largest water and environmental service companies and is active in 30 countries. Together with its workforce of over 20,000 employees, the group has a turnover of approx. 6 billion euros. Besides supplying and treating water and collecting and recycling waste, the group's activities also include trading in secondary raw materials and offering a wide range of services to its industrial customers including cleaning and maintenance work.
The company's range of services for power plants includes design engineering to optimise and improve performance, installing facilities and putting them into operation, operating, servicing and maintaining plants, upgrading and repairing facilities as well as supplying the full range of spare parts. Furthermore, the company's engineers provide advice on optimising, upgrading, maintaining and operating plants - from basic engineering through to detail engineering - with the aim of increasing cost-effectiveness and efficiency in existing plants as well as to introduce the latest technology.
REMONDIS AG & Co. KG
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