Duisburg, 1 August 2012. The German Antitrust Agency has given its approval and the final "Financial Closing" hurdle has been surmounted. As of 1 August, Xervon Energy GmbH belongs to the Hitachi Power Europe Group. The subsidiary was renamed Hitachi Power Europe Service (HPES) straight after the "closing" to clearly demonstrate – internally and vis-à-vis the market – the close interaction of both companies and long-term alignment of the cooperation.
The newly acquired subsidiary from Duisburg-Rheinhausen and its approx. 270 employees – 50% each assignable to the site/head office sections – not only bring in numerous references and extensive know-how in power plant service. HPE and HPES also intend to jointly benefit from the enormous revamping requirements in the power plant business.
"Whereas Hitachi Power Europe's strength has traditionally been in the construction of new utility power plants, the newly acquired subsidiary has traditionally concentrated on service, rehabilitation and components in the industrial plant field", explains Wolfgang Schreier, Member of the HPE Board of Directors. "There are hardly any product portfolio overlaps. Quite the reverse, in fact. In future our customers – the energy suppliers – will be able to select what suits them from a greater range of products and services in the power plant field."
HPES's diversity of experience comes to light in projects such as the complete renewal of oil-fired boilers and in firing systems for blast furnace/coke oven gas. Small-scale coal-fired boilers have also been successfully converted to combined-cycle plants. This is not to forget maintenance and repair work which also rank amongst the strengths of the newly acquired subsidiary.
"In Germany alone, some 2,000 small-scale boilers are in use in addition to those of the energy supply companies", continues Wolfgang Schreier. The emphasis here is on maintaining and constant optimization of existing plants. For utility power plants solely generating electricity, everything is bound up with flexibility. A lowering, in particular, of the technical minimum load – to the exclusion of expensive backup fuels such as oil and gas – is a paying proposition for operators. Trends such as these provide stable business for specialist firms such as Hitachi Power Europe Service – initially in Germany and Western Europe and later on in other markets.
Hitachi Power Europe Service remains a company in its own right with considerable freedom and scope to develop. The company can, of course, fall back on the findings and on the network within the Hitachi family. At the same time, energy plant constructor Hitachi Power Europe is set to benefit from the know-how of the newly acquired subsidiary by quoting for long-term maintenance and service contracts with its own personnel and expertise.
Mr. Helge Schulz
Tel.: +49 (0)203 / 8038 - 2929