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steag-energyservices.com

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About STEAG Energy Services

STEAG Energy Services operates and maintains power plants globally.

STEAG Energy Services Headquarter Location

Rüttenscheider Straße 1-3

Essen, 45128,

Germany

+49-201-801-00

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Latest STEAG Energy Services News

STEAG’s Acquisition of Business Segment Krantz from Caverion Group

Jan 10, 2018

Orrick has advised German energy group STEAG on the purchase of the Krantz business segment by STEAG Energy Services (SES). By integrating products and services of Krantz, SES is primarily expanding its position in the market segment of nuclear technologies. Furthermore, SES is gaining access to previously undeveloped HVAC market segments while improving its international network to countries like Japan and the UK. STEAG has been active in energy production for 80 years and provides customers, both nationally and internationally, with integrated solutions in the areas of energy and heat production, as well as related technical services. With more than 6,000 employees the group generated a revenue of €3.9 billion in 2016. STEAG subsidiary SES focuses on the planning, development of construction, operation and optimization of energy production facilities of all types, with more than 2,000 employees globally. Caverion Group is a Helsinki-listed provider of building services. In 2016, the group generated €2.4 billion in revenue with 16,500 employees across 12 countries. The transaction remains subject to approval from the competition authorities. Financial details have not been disclosed. STEAG was advised by an Orrick team lead by M&A and private equity partner Dr. Sven Greulich (Picture) and M&A and private equity counsel Dr. Nikita Tkatchenko. The team further included Dr. Stefan Schultes-Schnitzlein (partner, tax, Düsseldorf), Dr. André Zimmermann (partner, employment, Düsseldorf), Dr. Christian Schröder (partner, IP/IT, Düsseldorf), Dr. Till Steinvorth (partner, antitrust, Düsseldorf), Christoph Wenderoth (associate, M&A and private equity, Düsseldorf), Dr. Johannes Josef Rüberg (associate, M&A and private equity, Düsseldorf), Louisa Kallhoff (associate, employment, Düsseldorf), Vanessa Sousa Höhl (associate, M&A and private equity, Düsseldorf).

STEAG Energy Services Acquisitions

2 Acquisitions

STEAG Energy Services acquired 2 companies. Their latest acquisition was Caverion Group - Krantz Business on November 28, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/28/2017

$99M

Acquired Unit

1

11/7/2017

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$99M

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10

Date

11/28/2017

11/7/2017

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Acquired Unit

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Sources

1

10

STEAG Energy Services Team

2 Team Members

STEAG Energy Services has 2 team members, including former Chief Executive Officer, Managing Director, Ralf Gilgen.

Name

Work History

Title

Status

Ralf Gilgen

Chief Executive Officer, Managing Director

Former

Kelly Merritt

Clean Energy Collective, Hanwha Group, BP, Sithe Global Power, Portland General Electric, and U.S. Navy

Senior Director

Former

Name

Ralf Gilgen

Kelly Merritt

Work History

Clean Energy Collective, Hanwha Group, BP, Sithe Global Power, Portland General Electric, and U.S. Navy

Title

Chief Executive Officer, Managing Director

Senior Director

Status

Former

Former

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