Hyundai Heavy Industries Power Systems acquires NEM Energy from Mutares
The acquisition adds a heat transfer technology business serving the power generation, oil & gas, industrial, nuclear and energy transition markets.
Takeaways
- NEM Energy is a heat transfer technology specialist for energy and industrial sectors.
- Mutares is selling NEM Energy to Hyundai Heavy Industries Power Systems.
- The business serves power generation, oil & gas, industrial, nuclear, energy transition.
Hyundai Heavy Industries Power Systems, part of the Hyundai Heavy Industries Group, has signed an agreement to acquire NEM Energy, a heat transfer technology specialist, from turnaround investor Mutares.
NEM Energy provides solutions for power generation, oil and gas, industrial processing, nuclear facilities, and the energy transition, helping clients manage efficiency and thermal stress.
Heat transfer technology is essential for the performance of boilers, reactors, and steam turbines in these sectors.
Mutares exits the business through the sale.
The deal broadens Hyundai’s capabilities in advanced heat transfer systems for energy infrastructure.
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