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27.05.2019|DMG MORI sells renewable energy to electricity producer STEAG

DMG MORI focuses on core business

Bielefeld // Effective 1 July 2019, the Essen-based energy group STEAG will take over the significant business activities of GILDEMEISTER energy solutions from DMG MORI. Subject to the approval of the antitrust authorities, the group subsidiary STEAG Energy Services GmbH strengthens its position in the growth market of renewable energies. It was agreed to keep the purchase price confidential. All employees are taken over by STEAG.

“GILDEMEISTER energy solutions are going into good hands. We are pleased to have found in STEAG a strategic investor with an excellent perspective for our employees," says Dr. Maurice Eschweiler, Chief Representative of DMG MORI AKTIENGESELLSCHAFT. "Our focus is on our core competencies as sustainable and global innovator in the manufacturing industry."

DMG MORI entered the market for solar technology 2007. Now DMG MORI is focusing on its core business with machine tools and services as well as the development of the future fields of automation, digitization and ADDITIVE MANUFACTURING.

“With the takeover of GILDEMEISTER energy solutions, we have succeeded in strategically strengthening our service portfolio around the megatrend of photovoltaics. Thanks to the comprehensive know-how and the international network of GILDEMEISTER energy solutions, we are making a big step forward in this growth market," says Joachim Rumstadt, Chairman of the Managing Board of STEAG GmbH.

GILDEMEISTER energy solutions perfectly complements the portfolio of STEAG Energy Services. Under the new leadership, the business field of renewable energies can be developed in a forward-looking manner and the growth course of recent years can be continued.

The Executive Board

Company Profile

Company Profile

Company Profile // STEAG Energy Services
STEAG Energy Services is an internationally important service provider for power generation plants with more than 2,500 employees from 30 nations. STEAG Energy Services combines the know-how of an engineering company and operating manager with the expertise of a software house specializing in IT solutions for power plants and can look back on 40 years of experience. For customers, STEAG Energy Services operates and optimizes power generation facilities based on thermal and renewable sources with a capacity of 7,300 megawatts (MW) and provides operational support for an additional 3,600 MW worldwide. The focus of the
international business activities is mainly in Brazil, southern Africa and India.

Company Profile // GILDEMEISTER energy solutions
GILDEMEISTER energy solutions is a global renewable energy services company headquartered in Würzburg. The offer includes the turnkey planning and construction of large-scale open space photovoltaic (PV) systems, the maintenance and operation of PV systems, the implementation of energy solutions for commercial and industrial use – such as PV rooftop systems, E-charging stations and storage systems. GILDEMEISTER energy solutions employs around 120 people at nine locations in Germany and abroad and has a solid industry experience with more than 8,000 PV installations in around 40 countries.

Company Profile // DMG MORI
DMG MORI AKTIENGESELLSCHAFT is a worldwide leading manufacturer of machine tools with sales revenues of more than € 2.6 billion and around 7,500 employees. As “Global One Company” – together with DMG MORI COMPANY LIMITED – we reach sales revenues of more than € 3.8 billion.

Our integrated technology and automation solutions cover turning and milling machines, as well as Advanced Technologies, ULTRASONIC, LASERTEC and ADDITIVE MANUFACTURING. With our CELOS apps, exclusive Technology Cycles and Powertools,we offer an easy, fast and scalable entry into digital production. The modular ISTOS and WERKBLiQ products further facilitate consistent digitization of the entire process chain: from the planning and preparatory work to production and monitoring to service. The open, manufacturer-independent ADAMOS IoT platform rounds off the product range for a digital factory.

Our technology excellence is bundled within the main sectors of “Aerospace”, “Automotive”, “Die & Mold”, and “Medical”. Our partner program “DMG MORI Qualified Products” (DMQP) allows us to offer perfectly matched peripheral products from a single source. Our customer-focused services covering the entire life cycle of a machine tool include training, repair, maintenance and spare parts service.

More than 12,000 employees work for the “Global One Company”. With 157 sales and service locations – thereof 14 production plants – we are present worldwide and deliver to more than 100,000 customers from 42 industries in 79 countries.

Disclaimer, Forward-looking statement

Disclaimer, Forward-looking statement

Forward-looking statements //

This press release contains forward-looking statements, which are based on current estimates of the management regarding future developments. Such statements are based on the management's current expectations and specific assumptions. They are subject to risks, uncertainties and other factors that could cause the actual circumstances including the results of operations, financial position and net worth of DMG MORI AKTIENGESELLSCHAFT to differ materially from or be more negative than those expressly or implicitly assumed or described in these statements. The business activities of DMG MORI AKTIENGESELLSCHAFT are subject to a range of risks and uncertainties, which may likewise render a forward-looking statement, estimate or forecast inaccurate. Should one of these factors of uncertainty or other unforeseeable event occur, or should the assumptions on which these statements are based prove incorrect, the actual results may differ materially from the results expressed, expected, anticipated, intended, planned, aimed at, estimated, projected or implied in these statements. Forward-looking statements must not be understood as a guarantee or assurance of the future developments or events contained therein.

There are two companies using the name “DMG MORI”: DMG MORI AKTIENGESELLSCHAFT with registered office in Bielefeld, Germany, and DMG MORI COMPANY LIMITED with registered office in Nara, Japan. DMG MORI AKTIENGESELLSCHAFT is (indirectly) controlled by DMG MORI COMPANY LIMITED. This release refers exclusively to DMG MORI AKTIENGESELLSCHAFT. If reference is made in this release to “DMG MORI“, this refers exclusively to DMG MORI AKTIENGESELLSCHAFT and its controlled companies within the meaning of Section 17 of the German Stock Corporation Act (Aktiengesetz – AktG). If reference is made to "Global One Company", this refers to the joint activities of DMG MORI COMPANY LIMITED and DMG MORI AKTIENGESELLSCHAFT including all subsidiary companies.