MTU Friedrichshafen Acquires MDE
When it acquired MTU Friedrichshafen and the off-highway business of Detroit Diesel, a spokesman for Swedish equity firm EQT insisted that "EQT's value creation strategy is based on heavy investments into the growth of acquired companies.” In a little less than a week, the truth of that statement has already become apparent as MTU announced that it has acquired MDE Dezentrale Energiesysteme GmbH, a provider of gas engines and energy systems with an electrical capacity of between 100 and 400 kW. Financial terms were not disclosed.
MTU, which has held one third of the business shares in the Augsburg-based MDE since early 2002, is getting the remaining two-thirds of the MDE business shares from MDE's main shareholder, Berliner Gesellschaft für Energie Management GmbH. "The full acquisition of MDE sets the foundation for strengthening our gas engine business and is an important milestone on our path of strategic growth" said Volker Heuer, MTU Friedrichshafen GmbH chairman.
MDE, which was founded in 1977, has 135 employees and more than three decades in the development, production and maintenance of efficient gas engines and intelligent solutions for decentralized energy supply. Worldwide, the company has sold more than 4000 gas engines and 2000 energy modules for combined heat and power generation.