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STEAG acquires specialists for high-quality ventilation system solutions

STEAG Energy Services GmbH (SES), Essen/Germany, a company of the STEAG Group, took over the Krantz division from Caverion Deutschland GmbH on 1st January 2018. Krantz is a leader in the development, design, manufacture and marketing of high-tech ventilation, heating, cooling and clean room systems (HVAC market). End customers include companies in the nuclear field as well as industrial enterprises in other sectors within Germany and abroad. All 218 Krantz employees are to be taken on by the STEAG Group. Both parties have agreed not to disclose the purchase price.

With the integration of Krantz products and services, SES is focusing its further expansion on its market position as an engineering service provider and a supplier to the nuclear technologies segment. SES already has a broad customer base in this segment in Germany and Switzerland, and is well positioned in the field of nuclear technology. By acquiring Krantz, SES will benefit from its key technologies and expertise. In addition, SES will obtain access to previously undeveloped HVAC market segments, including in conventional areas of industrial plant construction and building services. SES will also be able to add to its international network in countries such as Japan and the United Kingdom.

SES acquired the Krantz division from Caverion Deutschland GmbH, a subsidiary of the Finnish public limited company Caverion Oyj. As the long-established Krantz brand enjoys an excellent reputation, the new business activities are being conducted under the name of Krantz GmbH. The total of 218 employees are based at two locations in North Rhine-Westphalia and one in Bavaria. The Krantz headquarters are situated in Aachen/Germany. (STEAG/Si.)