2G Energy AG acquires HJS Motoren GmbH and raises sales forecasts

By District Energy posted 06-09-2021 05:52

  

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Summary

2G Energy AG (ISIN DE000A0HL8N9), one of the leading international manufacturers of gas-fired combined heat and power (CHP) plants, has now fully acquired Amtzell-based HJS Motoren GmbH. To date, 2G held a 50% stake in the company, which specializes in the maintenance and repair of combined heat and power plants with gas engines.

HJS Motoren GmbH employs a total of 30 service technicians at 5 locations in Germany. Founded in 2017, the company has succeeded in continuously raising its sales revenues. The past fiscal year 2020 was concluded with sales of EUR 7.3 million and an EBIT margin in the double-digit range. Besides to the additional revenue and earnings contributions from HJS Motoren GmbH, 2G is also anticipating complementary potential for sales of the company's own new equipment. To date, HJS Motoren GmbH is already servicing around 400 systems, most of which are not from 2G and whose motors will reach the end of their technical service life in the next few years.

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