DGAP-News

2G Energy AG: 2G takes over entirety of its US business

DGAP-News: 2G Energy AG / Key word(s): Mergers &
Acquisitions/Strategic Company Decision
2G Energy AG: 2G takes over entirety of its US business

27.02.2015 / 11:45

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Corporate News from 2G Energy AG February 27, 2015

2G Energy AG takes over entirety of its US business

- Interest in 2G Cenergy Inc., Florida, topped up from 49 % to 100 %

- New structuring of US business and broadening of sales activities
launched

Heek, February 27, 2015 - 2G Energy AG (ISIN DE000A0HL8N9), one of the
leading German manufacturers of combined heat and power (CHP) systems,
acquired the remaining 51 % interest in 2G Cenergy Power Systems
Technologies Inc., St. Augustine, Florida, USA, on February 26, 2015. 2G
Energy AG has held a 49 % interest in the US sales and service company for
2G's combined heat and power systems to date. 2G Cenergy's former majority
shareholders will continue to hold senior management roles at the company.
As a result of this higher investment interest, 2G Cenergy will be fully
consolidated within the Group for the first time as of June 30, 2015.

Through the takeover of 2G Cenergy, 2G aims to realign its operating
activities on the US market and leverage synergies. Its sales and marketing
base is to be widened, and the capacity utilization of its wholly-owned
subsidiary 2G Manufacturing Inc., St. Augustine, is to be boosted. Based on
existing expertise and an installed base of already more than 100 systems,
a good starting position is in place to bolster the company's competitive
position on the American market and gain further shares in a market that
remains attractive.

2G Energy AG short company portrait

2G Energy AG is amongst the world's leading manufacturer of cogeneration
systems (CHP) for decentralized energy production and supply by means of
combined heat and power. The company's product portfolio includes systems
with an electrical capacity between 20 kW and 4,000 kW for the operation
with natural gas, biogas or bio methane and other lean gases. So far, 2G
was able to successfully install thousands of CHPs in 33 countries.
Especially, in the performance range of 50 kW to 550 kW 2G possesses own
technological combustion engine concepts characterized by low specific fuel
consumptions, a high operational availability and optimized service
intervals. Next to the main production site at its headquarter in Heek,