VA Technologie AG
Ad hoc-Service: VA Technologie AG Acquisition
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Acquisition of Moller Energi AS/Norway
VA TECH HYDRO obtains 51% of shares
In Oslo, VA TECH HYDRO signed with Moller Group/Norway a
contract for the taking over of 51% shares of Moller Energi
AS. This Acquisition is a further step in the strategy of VA
TECH to expand the Service Business. In addition, through the
acquisition of Moller Energi, VA TECH HYDRO strengthen their
position in the Nordic countries, especially in Norway, which
has the largest share of hydro power plants in Western Europe
with an installed capacity of 28.000 MW.
Moller Energi is a leading company in the Service & Rehab
market in Norway. Since 1995 there exists a good cooperation
with VA TECH HYDRO (VA TECH Escher Wyss). Moller Energi is a
well-known company offering highquality services. The size of
the business of Moller Energi is around EUR 15 Mio. The company
consists of about 90 well-educated employees. Besides Service
& Rehab further activities are within new compact
installations and hydro steel constructions. VA TECH HYDRO
acquires with Moller Energi an excellent addition to their own
activities and will offer a complete range (water to wire) of
electrical and mechanical equipment for production,
transmission, distribution and controls of hydro electric
power. There is the option of purchasing the remaining 49%
shares in two years time.
VA TECH HYDRO have been delivering high quality
electical/mechanical equipment in the Nordic markets for about
a century. Presently VA TECH HYDRO and Moller Energi have a
large number of ongoing projects and contracts in this region.
++++29-03-2001
Ende der Mitteilung
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