Mutares completes sale of NEM Energy Group to Hyundai Heavy Industries Power Systems

Reuters2026/09/09 08:30

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Mutares sold NEM Energy Group, including NEM Balcke-Dürr, to Hyundai Heavy Industries Power Systems.
Buyer HPS is part of MiCo, which is listed on Korea’s KOSDAQ.
Financial terms were not disclosed.
NEM, acquired from Siemens Energy in December 2022, was developed into a standalone profitable platform within four years.
NEM had about 470 employees in 2025, with operations in the Netherlands, Germany, and India.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mutares SE & Co. KgaA published the original content used to generate this news brief via EQS News (Ref. ID: corporate_2395186_de) on September 09, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Mutares completes sale of NEM Energy Group to Hyundai Heavy Industries Power Systems

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