STEAG acquires specialist for high quality ventilation system solutions
Essen. STEAG Energy Services (SES), a company of the STEAG Group, is taking over the Krantz division from Caverion Deutschland GmbH with effect from January 1, 2018. Krantz is a leader in the development, design, manufacture and sales of high-tech ventilation, heating, cooling and clean room systems (HVAC market). The customers include both companies in the nuclear field and industrial enterprises in other sectors at home and abroad. All the 218 Krantz employees are to be taken on by the STEAG Group. The parties have agreed not to disclose the purchase price.
With the integration of the Krantz products and services, SES is above all further expanding its market position as an engineering service provider and supplier in the nuclear technologies segment. SES already has a broad customer base in that segment in Germany and Switzerland, and is well positioned in the nuclear field. By acquiring Krantz, SES will benefit from its key technologies and expertise. In addition, SES will obtain access to previously undeveloped HVAC market segments, including conventional areas of industrial plant engineering and building services. SES will also be able to add to its international network in countries such as Japan and Great Britain.
SES is acquiring the Krantz division from Caverion Deutschland GmbH, a subsidiary of the Finnish public limited company Caverion Oyj. The transaction is to be completed with effect from January 1, 2018. As the long-established Krantz brand enjoys an excellent reputation, the new business activities are in future to be conducted under the name of Krantz GmbH. The total of 218 employees are based at two locations in North Rhine-Westphalia and one in Bavaria. The Krantz headquarters are in Aachen.