# Mutares sells NEM Energy Group to Hyundai Heavy Industries Power Systems

Mutares SE & Co. KGaA completed the sale of its portfolio company NEM Energy Group, a specialist in heat transfer technologies, to Hyundai Heavy Industries Power Systems Co., Ltd. (HPS), a subsidiary of MiCo Ltd. The purchase price was not disclosed.

- Type: Acquisition
- Announced: 2026-09-09
- Where: Zoeterwoude, Netherlands, Netherlands
- Status: completed
- Products: heat recovery steam generators, exhaust and diverter systems, heat exchanger solutions
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Hyundai Heavy Industries Power Systems](https://endata.com/companies/39438.md)
- [MICO](https://endata.com/companies/57731.md)
- [Mutares SE & Co. KGaA](https://endata.com/companies/33465.md) (partner)
- [Hyundai Heavy Industries Power Systems](https://endata.com/companies/39438.md) (acquirer)
- [MICO](https://endata.com/companies/57731.md) (partner)
- [NEM Energy B.V.](https://endata.com/companies/67003.md) (target)

## Sources

- [eqs-news.com](https://www.eqs-news.com/de/news/corporate/mutares-schliesst-den-verkauf-der-nem-energy-group-an-hyundai-heavy-industries-power-systems-hps-ab/4a1a6e8d-8895-4f03-93f4-df8816c1f2c4_de), 2026-09-09: "Mutares schließt den Verkauf der NEM Energy Group an Hyundai Heavy Industries Power Systems („HPS“) ab"
- [stock.mk.co.kr](https://stock.mk.co.kr/news/view/1156656), 2026-09-10: "미코그룹은 지난 9일 NEM Energy 인수대금 지급을 완료하고, 주식매매계약(SPA)에 따른 최종 인수 절차를 마무리했다고 10일 밝혔다."
- [viva100.com](https://www.viva100.com/article/20260910500090), 2026-09-10: "NEM Energy의 기술력과 글로벌 고객 기반에 HPS의 생산능력을 결합해 글로벌 가스발전 시장의 핵심 수혜기업으로 성장할 것"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.