Mutares completes sale of NEM Energy Group to Hyundai Heavy Industries Power Systems
Reuters2026/09/09 08:30- 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: 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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