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The acquisition of GETEC, a leading energy services company for real estate and industry, by Infrastructure Investment Fund (IIF) was finalised on 12 April 2022. IIF now owns 100% of the GETEC Group.

GETEC manages a portfolio of more than 11,500 energy assets in nine European countries with a total installed capacity of more than 5.4 GWth, saving more than 610,000 tonnes of CO2 per year.

GETEC is a leading specialist in contracting sustainable energy solutions on a pan-European scale, with a well-established Net-Zero roadmap to 2045.

 

The acquisition of GETEC Group by Infrastructure Investment Fund (IIF), an investment fund advised by J.P. Morgan Investment Management Inc. was legally finalised on 12 April 2022. With the closing of the transaction, all contractual conditions as well as the necessary antitrust controls have been completed.

In November 2021, previous investors EQT Infrastructure III (EQT) and GETEC Energie Holding GmbH (GEH) entered into a sale and purchase agreement with IIF for 100% of the shares in GETEC.

GETEC provides sustainable, smart and efficient energy solutions to customers in the real estate and industrial sectors across Europe. The company has achieved tremendous growth and now has more than 11,500 installations in nine European countries, with a total installed capacity of more than 5.4 GWth and more than 2,200 employees. In addition to strong organic growth, GETEC has transformed itself in recent years from a German market leader to a pan-European market leader through six major mergers and acquisitions, and has established independently operating regional platforms in Switzerland, Italy and the Netherlands, as well as in Germany.

 

For more information about the GETEC Group, please visit: www.getec-energyservices.com

GETEC is already saving more than 610,000 tonnes of CO2 per year for its customers. Matthew LeBlanc, Chief Investment Officer at IIF, said: “We are delighted to have reached this milestone of completing the acquisition of GETEC and acquiring a world-class company from EQT and Dr Karl Gerhold. GETEC is well positioned to grow as a market leader providing innovative, safe and green energy solutions to its customers, shareholders and communities. We look forward to working with CEO Thomas Wagner and the management team to support GETEC’s growth strategy for energy transformation in Europe.”

Matthias Fackler, Partner in the EQT Infrastructure advisory team, said: “GETEC has been at the heart of the energy transformation in Europe since the company was founded in 1993 and we are proud to have been able to accelerate this key mission over the past five years. Today, GETEC is uniquely positioned to continue to lead and benefit from the global drive towards decarbonisation, enabling it to achieve excellent long-term growth. With IIF, we have found a very good new owner who will support this.”

Dr Karl Gerhold, founder of GETEC and managing shareholder of GEH, said: “I would like to thank EQT for the path we have travelled together. GETEC is now in an even better position and is a leading provider of solutions for industry and real estate, with a view to a good climate policy in the future. I am delighted that, thanks to IIF, a new owner will take over the company to continue on this path and further develop the company.”

Thomas Wagner, CEO of GETEC, added: “We are very happy to have gained a strong, long-term oriented owner like IIF, who has extensive experience in the energy sector and certainly shares the same passion for sustainable energy solutions as we do at GETEC. With EQT and GEH, GETEC has taken a huge step towards becoming the leading provider of decentralised energy services in Europe. IIF is the right partner to continue GETEC’s mission to support industrial and real estate customers across Europe on their path to decarbonisation.”

About Infrastructure Investment Fund (IIF)

IIF is a private investment fund dedicated to investing in critical infrastructure. The IIF is responsible for investing and growing the pension funds of more than 60 million families. The fund is managed by a dedicated infrastructure investment group within J.P. Morgan Investment Management Inc. IIF is a long-term owner of companies that provide essential services such as renewable energy, water, natural gas and electricity, and transport infrastructure, all of which are vital to the economic health and productivity of the communities in which it operates. Providing such essential services requires IIF companies to be well managed, have a strong culture and care for the environment to meet the social responsibility of their operations.

About the GETEC Group (G+E GETEC Holding GmbH)

GETEC is a leading partner to industry and the real estate sector for smart, efficient and green energy solutions in Europe. Our promise “We have energy for more” is the guiding principle for our more than 2,200 employees, who use excellent engineering expertise, exceptional regulatory competence, high speed and proven sustainability knowledge to guide our customers through an increasingly complex energy world while reducing their carbon footprint. With 11,500 installations generating more than 5.4 GW of thermal energy, GETEC operates in nine countries through its four regional platforms in Germany, Switzerland, the Netherlands and Italy, generating sales of almost one billion euros in 2021.

 

The GETEC Group donated 250,000 euros to the Ridni Foundation to support Ukrainian orphans. Under the campaign name GETEC helps, the money has been collected by GETEC employees from all locations in all countries. For every euro donated by an employee, the company added another euro, rounding up to a whole quarter of a million euros in the end. The money will benefit orphans from Ukraine. The Ukrainian Ridni Foundation has set itself the task of giving war orphans a new home and thus enabling them to make a fresh start.

The Ridni Foundation provides assistance to orphans and children without parental care who are near the war line. For this purpose, Ridni collects humanitarian aid from all over the world and provides for the resettlement of Ukrainian orphans. To date, the Foundation has been able to house 26 children from central and eastern Ukraine in its premises in Lviv and already 150 children together with their caregivers abroad. Furthermore, it provides needy children with food, water, medicine and clothing.
Specifically, the amount raised will be invested in both the completion of the “Center for social support for children and families” and the “Spilnota Center” for 16 orphans, as well as used to further support the Foster-Families-Program.
“We are all overwhelmed by the great willingness of our colleagues to help and as a company we were very happy to add a large amount. With its contribution as a company GETEC wants to make a difference for generations to come. Because that is what this is all about. It is about the next generation, about children who have been orphaned by the war and who are being given a new start by Ridni. We are very proud to be able to support this great organization so massively and I would like to thank all employees who have set a clear signal of humanity here,” says Group CEO Thomas Wagner.
“We are very grateful to GETEC, its management and the entire team for supporting orphans in Ukraine. With such support, we will be able to work every day to improve the future of orphans in Ukraine, and in times of war – beyond its borders. Only in synergy with people who have a huge open heart to other people’s problems, we will be able to help war-affected children and breaking the vicious circle of orphanage as much as we can. Thanks to the generous donation from GETEC, about 70 orphans, children facing difficult life circumstances, are able to live in new, high-quality conditions and will be provided with everything they need for their healthy growth, their psychological well-being and becoming valuable members of society. We are grateful to each and everyone of you for your contribution to the welfare of next generations”, says Mariana Romaniak, CEO of Ridni Foundation.

Find out more about the Ridni Foundation and the possibility to donate here:www.ridni.org

Data publikacji: 06-2022

The Food Industry Conference organized in May this year in Poznan was a great opportunity to present solutions provided by Getec Polska, also dedicated to food industry manufacturers.

A common challenge for both small, regional processing plants and large manufacturing plants is the rising cost of energy, uncertainty on the market and the need to implement mechanisms to prevent production downtime and secure the market position of companies.

During the congress these issues were raised many times, so it was all the more timely presentation of GETEC showing the possibilities of reducing the cost of energy to meet current production needs. Participants of the presentation became acquainted with numerous examples of implementations based on concepts developed by GETEC in this area, with particular reference to the food industry and meeting its specific needs.

“Once again, we noted that the idea of GETEC contracting represents an innovation in the approach to the issue of energy generation for meeting production processes. Many of the participants of the meeting realized how many factors directly and indirectly related to energy procurement can determine the costs of current operations and define the company’s ability to adapt to changes in the market.” – pointed out Adrian Studniczek, CEO of GETEC Polska, who led the presentation.

The idea of GETEC energy contracting, which in practice means that GETEC takes over all investments and competences connected with the process of energy production and supply to the extent meeting the needs of companies, met with interest of congress participants. The concept of extending contracting to modernisation activities at existing power generation facilities also received a great deal of attention.

Due to the great interest in the issues discussed, GETEC will soon be organising a series of on-line meetings at which participants will have the opportunity to learn more about the company’s operating models and solution portfolios, and to register their companies for an initial audit to determine the possibilities for further cooperation.

In addition, we will discuss in more detail the possible impact of the cooperation on reducing the burden on the company’s balance sheet and the impact on the possibility of improving the company’s financial rating, so important in times of high inflationary pressure and increasing requirements of banks financing the company’s operations or development.

Applications for the upcoming on-line meetings can be sent now, using the form available at https://GETEC-POLSKA.pl.

Data publikacji: 06-2022

Adrian Studniczek, CEO Getec Polska Sp. z o.o. – Food Industry Conference – 2022

With the official opening of Clariant’s bioethanol plant in Podari, Romania, GETEC’s climate-neutral biomass cogeneration plant has also started producing energy smoothly and on schedule. GETEC supplies the entire bioethanol plant with heat and electricity from lignin, which is the residual material left over from bioethanol production. A doubly climate-neutral and innovative solution, which is the ideal sustainable complement to the new method of bioethanol production. 

“Residual materials are valuable raw materials. This lighthouse project shows this in two respects and thus testifies to the sustainability claim of Clariant and GETEC. Circular Economy will and must play an increasingly important role in energy production if we want to achieve climate targets and the energy transition is to succeed. We are building both sustainable and economical solutions for our customers and are thus jointly treading the path to Net Zero. We are proud of this,” says Thomas Wagner, CEO of the GETEC Group.

Dr. Thomas Stephanblome, platform CEO of GETEC Plattform Deutschland, adds: “The project was a technological challenge that our project team mastered superbly. In the future, our focus will be even more on incorporating our customers’ local conditions, such as accumulating residual materials, into energy production and thus significantly conserving valuable resources. With Lignin-to-Energy, GETEC has developed exactly the right sustainable energy solution for this highly innovative method of bioethanol production by Clariant. We look forward to further milestone projects.“

The carbon neutral biomass plant designed by GETEC supplies Clariant’s cellulosic bioethanol plant in Podari with a revolutionary technology whereby lignin – a residual product of the bioethanol production process – is converted into climate neutral energy. The combination of using lignin from wheat straw in a fluidized bed boiler is also unique in the world. In combination with a backpressure steam turbine, the boiler supplies steam and electricity to the Clariant plant. GETEC has taken over all services for this, from planning, financing and construction to operation, maintenance and repair.

Data publikacji: 06-2022

GETEC biomass CHP plant based on lignin-to-energy for Clariant bioethanol plant in Podari.

GETEC Group and AB Energy are expanding their strategic partnership to cooperate and support common European customers. The cooperation concerns decentralised and holistic energy solutions as well as the implementation of joint services.
AB Energy and GETEC are joining forces to create synergies and exploit additional potential to optimise energy supply with new customers interested in sustainability, efficiency enhancement and digitisation. In this partnership, GETEC’s role is to plan the overall concept, financing, construction and operation of the energy and utility supply at the customer’s premises using an outsourcing approach.
Economic efficiency, security of supply and sustainability are the guiding principles of the energy concept. AB Energy is responsible for the production of key system components such as modular turnkey CHP plants, combining them with, for example, electricity and heat storage systems. High-efficiency plants can also be powered by “green gases” such as biomethane or hydrogen, enabling further reductions in CO2 emissions.
This year, GETEC and AB Energy convinced two prominent customers, representing two reference sectors for the energy industry: the pharmaceutical and food industries, to the partnership concept. The first customer is a leading provider of drug development and supply services for the pharmaceutical, biotechnology and healthcare sectors. Thanks to a CHP combination with an absorption chiller and a compressor chiller plant, more than 1,000 kW of heat, 1,800 kW of cooling and 999 kW of electricity will be generated in a highly efficient way for future production.
Another customer comes from the food industry and decided to use GETEC for the future supply of electricity and heat. Here, too, a CHP unit with an electrical output of 999 kW from AB Energy was used. In addition, 574 kW of thermal power can be used to produce hot water, and with an additional waste heat boiler, a thermal output of 387 kW can be achieved to relieve the load on the steam boilers.
GETEC is finishing a good year and looks very optimistically at the coming years with new potential. The need to save and optimise energy costs and the willingness to upgrade existing plants in the name of environmental respect are becoming the driving force behind many upcoming projects.

Published: 11-2021

Source: GETEC

Source: AB Energy

Published: 08-2021

Published: 06-2021

Źródło: GETEC