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STEAG strengthens position in growth market for renewable energy

The energy company STEAG GmbH, Essen/Germany, is strengthening its position in the international growth market for renewable energy. On 1st July 2019, group subsidiary STEAG Energy Services GmbH (SES) acquired GILDEMEISTER energy solutions of DMG MORI, based in Bielefeld/Germany. The machine tool manufacturer DMG MORI entered the market for solar technology in 2007. Both parties have agreed not to disclose the purchase price.

“With the acquisition of GILDE-MEISTER energy solutions, we are strategically strengthening our service portfolio, especially around the photovoltaics megatrend. With GILDEMEISTER energy solutions’ extensive know-how and international network, we are taking a big step forward in this growth market”, states Joachim Rumstadt, Chair of the Executive Board at STEAG.

“GILDEMEISTER energy solutions will be in good hands. We are happy to have found in STEAG a strategic investor with an excellent perspective for our employees”, says Maurice Eschweiler, chief representative of DMG MORI. “Our focus is on our core skills as a sustainable, international innovator in the manufacturing industry.” Today, DMG MORI is focussing on its core business with machine tools and services and expanding in the cutting-edge fields of automation, digitalisation and additive manufacturing.

The employees of GILDEMEISTER energy solutions at the main site in Würzburg and the subsidiary companies in Stuttgart, Italy and Spain will be taken over by SES. The new company will trade under the name STEAG Solar Energy Solutions with the brand name SENS. “Photovoltaics is a cutting-edge field in which we want to continue growing as STEAG. I’m certain that we can use the project opportunities that are opening up to us even more successfully with SENS,” states Joachim Rumstadt, welcoming the newest member to the STEAG family. (STEAG/Si.)