# Mutares acquires Heat Transfer Technology from Siemens Energy

Mutares SE & Co KGaA signed an agreement to acquire Heat Transfer Technology (formerly NEM Energy) from Siemens Energy B.V. The company, based in Zoeterwoude, Netherlands, specializes in heat recovery steam generators.

- Type: Acquisition
- Announced: 2022-06-20
- Where: Zoeterwoude, Netherlands
- Jobs: 270
- Status: announced
- Products: heat recovery steam generators
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Siemens Energy](https://endata.com/companies/6803.md) (target)
- [Mutares SE & Co. KGaA](https://endata.com/companies/33465.md) (acquirer)

## Sources

- [mutares.com](https://mutares.com/en/seventh-acquisition-in-2022-mutares-acquires-heat-transfer-technology-from-siemens-energy-b-v/), 2022-06-20: "With the acquisition of Heat Transfer Technology we are strengthening our Engineering & Technology segment and expect significant synergy effects with the business of our subsidiary Balcke-Dürr."

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