Acquisition of Reliable Plant Solutions (RPS) GmbH
STUTTGART, GERMANY--(Marketwire - May 14, 2012) - The international engineering and construction company M+W Group, Stuttgart (Germany), has signed a contract to acquire Reliable Plant Solutions (RPS) GmbH based in Schkeuditz near Leipzig (Germany). Through the acquisition, M+W Group strengthens its Energy & Environment Technologies business segment. RPS designs and builds power plants fired by both conventional and renewable fuels. The engineering company has more than sixty employees involved in power plant projects in Europe, Asia, and the Middle East. In addition to design and construction, the company's services include component procurement and commissioning of power plants. The purchase price has not been disclosed. The transaction is subject to approval by Germany's Federal Cartel Office.
"This acquisition will give us an opportunity to provide our customers with turnkey power plant know-how from a single source all over the world", M+W Group CEO Jürgen Wild commented on the signing of the contract. RPS managing partner Dr. Bernd Kulbe added: "The global M+W Group organisation will give us more access to international power plant projects as well as the special project management competences available within the Group in the field of large, complex projects." The two companies have already established a good track record of mutual collaboration in joint projects over the last two years.
The RPS acquisition will enable M+W Group to provide a complete range of expertise in the design and construction of power plants fired by renewables and fossil fuels.
About M+W Group (www.mwgroup.net): M+W Group is the leading global engineering, construction and project management company in the fields of Advanced Technology Facilities, Life Science & Chemicals, Energy & Environment Technologies and High-Tech Infrastructure. From concept development to turnkey services the company manages projects of all sizes ensuring rapid realization, high quality standards and cost-effective completion. With its competence to link process and automation technologies and complex facilities to integrated solutions M+W Group primarily focuses on leading companies in the fields of electronics, photovoltaics, life science, chemicals, energy, automotive, security and communication, as well as research institutes and universities. M+W Group GmbH is the holding company with headquarters in Stuttgart, Germany. According to preliminary figures the company, which employs more than 7,000 employees, generated an order intake of 2.59 billion euros and revenues of 2.48 billion euros in 2011. During 2012 M+W Group will celebrate its 100th anniversary.
M+W Group is owned by the Austrian Stumpf Group that is globally successful in the areas of High-Tech Engineering, Smart & Renewable Energy, Real Estate and Technology Investments.
More information about RPS: http://rps-solutions.de/index.php?L=1
Press contact:
Michael Gemeinhardt
Phone +49 711 8804-1420
michael.gemeinhardt@mwgroup.net
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