POWER Magazine•about 1 month ago
MiCo Acquires Global HRSG Leader NEM Energy
Key Takeaway
The acquisition of a leading HRSG manufacturer by MiCo/HPS signals a significant consolidation in the combined cycle power plant component market, impacting future supply and cost for developers and large power consumers.
AI Summary
- •MiCo's subsidiary, HPS, has acquired 100% of Netherlands-based NEM Energy B.V., a global leader in Heat Recovery Steam Generators (HRSGs), including its German subsidiary.
- •This significant M&A event consolidates the market for critical combined cycle gas turbine (CCGT) plant components, potentially impacting future supply chain dynamics and pricing.
- •Developers and large power consumers planning or operating CCGT projects should note the new ownership of a major HRSG supplier, which could influence equipment procurement and long-term service agreements.
Topics
ccgtm&aoem
Article Content
MiCo Co. Ltd. announced that its subsidiary, Hyundai Heavy Industries Power Systems Co. Ltd. (HPS), has signed a share purchase agreement (SPA) to acquire a 100% stake in Netherlands-based NEM Energy B.V. from Mutares SE & Co. KGaA, a German-listed investment firm. The transaction, which includes NEM Energy’s German subsidiary NEM Balcke-Dürr GmbH, is scheduled […] The post MiCo Acquires Global HRSG Leader NEM Energy appeared first on POWER Magazine .