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Company News, 2005-12-07, 10:20 AM

ThyssenKrupp Services acquires companies of the Standardkessel Group

ThyssenKrupp Services AG, Düsseldorf, has through its subsidiary ThyssenKrupp Xervon GmbH, Gelsenkirchen, acquired as of January 1, 2006, the German service companies of the Standardkessel Group from the Dutch finance holding company H.T.P Investments B.V., Venlo. As a result, the ThyssenKrupp Group is expanding its maintenance services for the growing power generation and utilities market.

ThyssenKrupp Xervon will acquire LLS Standardkessel Service GmbH (LLS), Duisburg, Baumgarte Boiler Service GmbH (BSG), Bielefeld, (each 100 percent), and Siegfried Schlüssler Feuerungsbau GmbH (SSL), Bispingen (74 percent). Employing a staff of 340, the companies generate annual sales of around 90 million euros.

LLS Standardkessel Service is a leading international supplier of services for all aspects of energy and power generation plant: maintenance, upkeep, repair, efficiency enhancement of the boilers as well as maintenance of flue-gas desulphurization units and heat exchangers in conventional power plants. LLS is represented in western and southwestern Europe and in the Middle East. The BSG affiliate provides maintenance, modernization and conversion work especially for waste incinerators. SSL has specialized in refractory linings for the boilers. ThyssenKrupp Xervon intends to provide these maintenance, modernization and conversion services under the name of ThyssenKrupp Xervon Energy.

"These three services companies ideally complement our existing business. We are gaining additional know-how in a market in which there is a rising need for maintenance and modernization, and we are taking a further step into Central & Eastern Europe," says Rolf-Bernd Maas, CEO of ThyssenKrupp Xervon.

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