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Company News, 2006-04-07, 02:00 PM

ThyssenKrupp Technologies parts with its Steam Turbine unit

ThyssenKrupp Technologies is selling as of January 1, 2006, its Steam Turbine unit, a product group belonging to its subsidiary B+V Industrietechnik, Hamburg, to MAN TURBO, Oberhausen.

The unit, a successful supplier and market leader in generator drives for biomass systems, is being sold in order to obtain improved access to new markets and hence to secure in the long term the success of this product group.

Over 2,100 B+V Industrietechnik steam turbines are in operation worldwide - in industrial and combined heat and power plants, waste incinerators, and combined cycle plants. The MARC steam turbine series developed by B+V Industrietechnik, sets new standards in terms of low investment costs, high efficiencies and flexible assembly. Five basic types cover a power range from 1 to 50 MW. The Steam Turbine unit employs a staff of 254 and generates annual sales of around EUR 65 million.

B+V Industrietechnik will in future concentrate on its core business ship components.

With locations in Germany, Switzerland and Italy, MAN TURBO markets the world's most extensive range of compressors and turbines - from standalone units to complete turnkey machinery. MAN TURBO's workforce of 2,500 generates worldwide sales of EUR 659 million.

The deal will be formally closed as soon as the relevant supervisory bodies have given the go-ahead

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