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XERVON sold to REMONDIS group
01.12.2011 + + + In May 2011 ThyssenKrupp AG decided on an integrated strategic development program to move the Group forward competitively and sustainably. It encompasses portfolio optimization, change management, and performance enhancement.
In connection with the portfolio optimization, the Group will be divesting businesses for which there are stronger alternative strategic options: For the Xervon group, ThyssenKrupp has now found a best owner in the environmental and industrial service provider REMONDIS AG & Co. KG. The closing took place on Wednesday, November 30, 2011.
With 19,000 employees, REMONDIS AG & Co. KG, Lünen, is a major privately owned service company focused on water and recycling services. The group provides professional services to more than 20 million people and thousands of companies around the world. The company generated sales of €5.4 billion in fiscal year 2010 and has over 500 locations in 28 countries. REMONDIS sees Xervon as a perfect strategic complement to its industrial services.
The Düsseldorf-based Xervon group, with over 9,000 employees and sales of €668 million in fiscal 2009/2010,
is one of the world's leading providers of technical services for industrial plant construction and maintenance. Its customers are mainly in the chemical, petrochemical, power generation and construction sectors.
The company's capabilities extend from individual services to comprehensive site management including budgeting, maintenance planning and execution, infrastructure services and operating ancillary systems.
ThyssenKrupp is a diversified industrial group. It has around 180,000 employees in over 80 countries developing ideas and innovations into solutions for sustainable progress. In fiscal year 2009/2010 ThyssenKrupp generated sales of more than €42 billion.
For us innovations and technical progress are key factors in managing global growth and using finite resources in a sustainable way. With our engineering expertise in the areas of "Material", "Mechanical" and "Plant", we enable our customers to gain an edge in the global market and manufacture innovative products in a cost and resource efficient way.
Contact:
ThyssenKrupp AG
Stefan Ettwig
Corporate Communications
Phone: +49 (201) 844-535091
Internet: www.thyssenkrupp.com
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