M+W Group acquires engineering company specialized in the power plant sector
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M+W Group acquires engineering company specialized in the power plant sector
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Acquisition of Reliable Plant Solutions (RPS) GmbH
Stuttgart (Germany), 14(th) May 2012
The international engineering and construction company M+W Group, Stuttgart
(Germany), has signed a contract to acquire Reliable Plant Solutions (RPS) GmbH
based in Schkeuditz near Leipzig (Germany). Through the acquisition, M+W Group
strengthens its Energy & Environment Technologies business segment. RPS designs
and builds power plants fired by both conventional and renewable fuels. The
engineering company has more than sixty employees involved in power plant
projects in Europe, Asia, and the Middle East. In addition to design and
construction, the company's services include component procurement and
commissioning of power plants. The purchase price has not been disclosed. The
transaction is subject to approval by Germany's Federal Cartel Office.
"This acquisition will give us an opportunity to provide our customers with
turnkey power plant know-how from a single source all over the world", M+W Group
CEO Jürgen Wild commented on the signing of the contract. RPS managing partner
Dr. Bernd Kulbe added: "The global M+W Group organisation will give us more
access to international power plant projects as well as the special project
management competences available within the Group in the field of large, complex
projects." The two companies have already established a good track record of
mutual collaboration in joint projects over the last two years.
The RPS acquisition will enable M+W Group to provide a complete range of
expertise in the design and construction of power plants fired by renewables and
fossil fuels.
About M+W Group (www.mwgroup.net): M+W Group is the leading global engineering,
construction and project management company in the fields of Advanced Technology
Facilities, Life Science & Chemicals, Energy & Environment Technologies and
High-Tech Infrastructure. From concept development to turnkey services the
company manages projects of all sizes ensuring rapid realization, high quality
standards and cost-effective completion. With its competence to link process and
automation technologies and complex facilities to integrated solutions M+W Group
primarily focuses on leading companies in the fields of electronics,
photovoltaics, life science, chemicals, energy, automotive, security and
communication, as well as research institutes and universities. M+W Group GmbH
is the holding company with headquarters in Stuttgart, Germany. According to
preliminary figures the company, which employs more than 7,000 employees,
generated an order intake of 2.59 billion euros and revenues of 2.48 billion
euros in 2011. During 2012 M+W Group will celebrate its 100(th) anniversary.
M+W Group is owned by the Austrian Stumpf Group that is globally successful in
the areas of High-Tech Engineering, Smart & Renewable Energy, Real Estate and
Technology Investments.
More information about RPS: http://rps-solutions.de/index.php?L=1
Press contact:
Michael Gemeinhardt
Phone +49 711 8804-1420
mailto:michael.gemeinhardt(at)mwgroup.net
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Source: M+W Group via Thomson Reuters ONE
[HUG#1611744]
Unternehmensinformation / Kurzprofil:
Datum: 14.05.2012 - 11:16 Uhr
Sprache: Deutsch
News-ID 145829
Anzahl Zeichen: 4153
contact information:
Town:
Stuttgart
Kategorie:
Business News
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