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Siemens today closed the purchase of Kühnle, Kopp & Kausch (KK&K), a stock corporation headquartered in Frankenthal, Germany. The cartel authorities responsible had previously completed their investigation and cleared the way for takeover without making it subject to any conditions. KK&K is now a wholly owned subsidiary of Siemens AG. The KK&K Group, which employs a workforce of 1,400, posted sales of about EUR270 million in fiscal 2005.Kühnle, Kopp & Kausch develops, manufactures and sells steam turbines with a capacity of up to five megawatts (MW), as well as compressors and fans for industrial applications. The company has locations in Germany in Frankenthal, Bad Hersfeld, Zweibrücken and Leipzig, and in Helsingör, Denmark.
With this takeover, Siemens Power Generation (PG) is expanding its portfolio at the lower end of the power range in the industrial applications market segment. It now has a portfolio of industrial steam turbines ranging from 45 KW to 180 MW. As far as compressors are concerned, the company can now also supply a wide spectrum of small standard machines as well as large process gas compressors.
“The products and services of PG and KK&K fit together excellently,” said Klaus Voges, President of the Siemens Power Generation Group. “This takeover fills the gaps in our portfolio in the lower power range. At the same time, KK&K opens up additional growth opportunities for us in the service business and in some attractive niche markets such as drinking water purification and sewage treatment,” Voges added.
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