As from 1 July, the Essen-based energy group STEAG GmbH will take over the business activities and employees of Gildemeister Energy Solutions from DMG Mori AG (subject to the approval of the anti-trust authorities).

Maurice Eschweiler, chief representative of DMG Mori, said: “Gildemeister Energy Solutions is going into good hands.

We are pleased to have found in STEAG a strategic investor with an excellent perspective for our employees. Our focus is on our core competencies as a sustainable and global innovator in the manufacturing industry.”

DMG Mori (www.en.dmgmori.com) entered the market for solar technology in 2007 but is now focusing on its core business of machine tools and services, as well as the development of the future fields of automation, digitalisation and additive manufacturing.

The company has sales revenues of more than 2.6 billion euros and around 7,500 employees.

Joachim Rumstadt, chairman of STEAG, said: “With the takeover of Gildemeister Energy Solutions, we have succeeded in strategically strengthening our service portfolio around the ‘megatrend’ of photo-voltaics.

“Thanks to the comprehensive know-how and international network of Gildemeister, we are making a big step forward in this growth market.”