Company News, 2002-03-06, 01:00 AM
Krupp Uhde acquires TESSAG Edeleanu
As part of its expansion into the refinery technology market, Dortmund-based Krupp Uhde has acquired the engineering and plant construction company TESSAG Edeleanu GmbH, Alzenau, from the RWE Solutions group. The acquisition of Edeleanu`s process portfolio is an excellent fit for Krupp Uhde`s fields of activity.
TESSAG Edeleanu GmbH and its subsidiaries in Southeast Asia, Edeleanu Asia Pte. Ltd. (Singapore) and Edeleanu Sdn Bhd. (Kuala Lumpur/Malaysia), as well as the employees of the Brünn office of TESSAG Praha, will become a wholly owned subsidiary of Krupp Uhde GmbH in Dortmund on approval under merger control law.
The average turnover of the company and its 230-strong workforce was around 45 million euros.
Through the acquisition of Edeleanu Krupp Uhde, an internationally recognised engineering company in the field of large-scale chemical and petrochemical plant construction, is aiming to strengthen and expand its market presence in its core activities of refinery and petrochemical technology as well as in specialities in the field of chemical engineering and gas technology. Edeleanu`s twenty-year presence in Asia is also to be used as a focus for increasing the efforts of the entire Krupp Uhde group in addressing the Southeast Asian market.
Krupp Uhde is a company in the Technologies segment of the ThyssenKrupp Group and has a workforce of 3,400 employees. The company`s activities focus on the design and construction of chemical and other industrial plants in the following fields: fertilisers, organic chemicals and plastics, electrolysis, oil and gas and pharmaceuticals.
RWE Solutions AG, Frankfurt am Main, is the leading service provider in the design, construction and management of technology infrastructure for utilities, focussing on the fields of industrial and energy supply companies. The company serves industrial and energy sector customers from all over the world. The workforce of around 14,000 employees, 4,000 of whom work abroad, generates annual sales of around 2.6 billion euros.
Horst Gieseler, Public Relations
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