27.02.2015
2G Energy AG DE000A0HL8N9
DGAP-News: 2G Energy AG: 2G takes over entirety of its US business
DGAP-News: 2G Energy AG / Key word(s): Mergers &
Acquisitions/Strategic Company Decision
2G Energy AG: 2G takes over entirety of its US business
27.02.2015 / 11:45
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Corporate News from 2G Energy AG February 27, 2015
2G Energy AG takes over entirety of its US business
- Interest in 2G Cenergy Inc., Florida, topped up from 49 % to 100 %
- New structuring of US business and broadening of sales activities
launched
Heek, February 27, 2015 - 2G Energy AG (ISIN DE000A0HL8N9), one of the
leading German manufacturers of combined heat and power (CHP) systems,
acquired the remaining 51 % interest in 2G Cenergy Power Systems
Technologies Inc., St. Augustine, Florida, USA, on February 26, 2015. 2G
Energy AG has held a 49 % interest in the US sales and service company for
2G's combined heat and power systems to date. 2G Cenergy's former majority
shareholders will continue to hold senior management roles at the company.
As a result of this higher investment interest, 2G Cenergy will be fully
consolidated within the Group for the first time as of June 30, 2015.
Through the takeover of 2G Cenergy, 2G aims to realign its operating
activities on the US market and leverage synergies. Its sales and marketing
base is to be widened, and the capacity utilization of its wholly-owned
subsidiary 2G Manufacturing Inc., St. Augustine, is to be boosted. Based on
existing expertise and an installed base of already more than 100 systems,
a good starting position is in place to bolster the company's competitive
position on the American market and gain further shares in a market that
remains attractive.
2G Energy AG short company portrait
2G Energy AG is amongst the world's leading manufacturer of cogeneration
systems (CHP) for decentralized energy production and supply by means of
combined heat and power. The company's product portfolio includes systems
with an electrical capacity between 20 kW and 4,000 kW for the operation
with natural gas, biogas or bio methane and other lean gases. So far, 2G
was able to successfully install thousands of CHPs in 33 countries.
Especially, in the performance range of 50 kW to 550 kW 2G possesses own
technological combustion engine concepts characterized by low specific fuel
consumptions, a high operational availability and optimized service
intervals. Next to the main production site at its headquarter in Heek,
Germany, the company has invested in an additional production and sales &
service site in St. Augustine, Florida, USA. 2G's customers range from
farmers to industrial clients, municipalities, real estate industry, up to
municipal utilities and big utility companies. The high level of customer
satisfaction is founded on the close-knit service network as well as the
high technical quality and performance of 2G power stations. Thanks to the
combined heat and power performance they achieve an overall degree of
efficiency between 85 percent and well above 90 percent. To further enlarge
the technologically leadership the company continuously invests in its R&D
activities for gas engines for the use of natural gas, biogas and synthetic
gases (e.g. hydrogen). Next to the construction of combined heat and power
stations, the company, located in Westphalia in the north-west of Germany,
offers integrated solutions reaching from the planning stage and
installations to serial service and maintenance work. Due to its decentral
locations, scalability and projectable availability combined heat and power
stations shall play a crucial role as part of intelligent networked energy
systems - so called virtual power stations - within the ongoing switch to
clean energy and within modern concepts of energy supply.
2G Energy (ISIN DE000A0HL8N9) is listed in the Entry Standard of Deutsche
Börse AG. The share capital amounts to EUR 4,430,000, and is split into
4,430,000 shares. As of December 31, 2014, the company's founders held 56.1
% of the shares, with the free float amounting to 43.9 %.
Forthcoming dates 2015
19 May, 2015 WGZ Bank Small&MidCap Conference, Düsseldorf
28 May, 2015 Q1 key financial figures & business development
28 May, 2015 Group financial figures as of 31 Dec., 2014
8 July, 2015 Ordinary Annual General Meeting, Ahaus, Germany
29 Sept., 2015 Half year group financial figures as of 30 June, 2015
23-25 Nov., 2015 Deutsches Eigenkapitalforum, Frankfurt
End of Nov., 2015 Q3 key financial figures & business development
Further information: www.2-g.de
IR contact
2G EnergyAG
Benzstr. 3
48619 Heek
Telefon: +49 (0) 2568 93 47-2795
Telefax: +49 (0) 2568 93 47-15
E-Mail: [email protected]
Internet: www.2-g.de
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27.02.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: 2G Energy AG
Benzstr. 3
48619 Heek
Germany
Phone: +49 (0)2568-9347-0
Fax: +49 (0)2568-9347-15
E-mail: [email protected]
Internet: www.2-g.de
ISIN: DE000A0HL8N9
WKN: A0HL8N
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Stuttgart; Open Market (Entry Standard) in Frankfurt
End of News DGAP News-Service
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