Swiss-Japanese greentech company Hitachi Zosen Inova AG (HZI) has announced its intention to acquire German waste-to-energy (WtE) technology provider Steinmüller Babcock Environment GmbH (SBE), a subsidiary of Japan-headed Nippon Steel Engineering Co. Ltd. With the proposed acquisition of SBE, both companies would expand their respective market reach and deepen their service offering in the energy-from-waste (EfW) sector.
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According to a statement, the acquisition agreement is to be signed on December 9, 2021, while the transaction is still subject to the approval of the respective authorities.
Closing is expected in February 2022. On that date, SBE’s brand, expertise, and workforce would officially become part of the HZI Group. Employees of both companies have been informed of the proposed agreement.
We are delighted to welcome the Steinmüller Babcock Engineering team. For decades, HZI has pursued the goal of offering our customers the best possible service and market-leading technologies. SBE’s team has tremendous experience and expertise, especially in the firing and boiler segments, said Bruno-Frédéric Baudouin, CEO of Hitachi Zosen Inova.
SBE is one of the leading companies for the design, construction, and maintenance of plants and components for thermal waste treatment and flue gas cleaning. In its more than 150-year history, the German company has always stood for pioneering spirit and its profound and comprehensive expertise in these sectors.
The combination would provide both companies access to complementary markets, while the HZI group will be able to offer its customers an expanded range of products and services.
Together with SBE, HZI will be able to expand its offerings not only in the Central and Northern European market but also provide our customers around the world with a broader range of services related to their EfW plants. With a combined installed base in Europe in the range of 40 percent of the existing plants, joining the forces of the two companies ensures mid-term that HZI is in a unique position to bring amazing benefits to all owners of EfW assets, said Bruno-Frédéric Baudouin.