Austrian Energy & Environment
| AE&E Group GmbH
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|---|---|
 |
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| legal form | GmbH |
| Seat | Vienna , Austria |
| management | Georg Gasteiger (CEO) |
| Number of employees | 2726 |
| sales | 613 million euros |
| Branch | Plant construction |
| Website | http://www.aee-group.com/ ( Memento from December 19, 2009 in the Internet Archive ) |
The AE&E Group GmbH (abbreviated AE&E ) was the holding company of a group of plant construction companies in the field of energy and environmental technology with headquarters in Austria . The group included more than 25 companies worldwide, the largest of which were in Austria (Raaba / Graz, Vienna), Switzerland (Zurich), Germany (Nuremberg, Cologne, Ratingen), France (Paris) and Spain (Bilbao).
The group of companies was owned by A-Tec Industries , which were in the process of insolvency, and represented the largest area within A-Tec with around 40% of sales. As a result of the insolvency of A-Tec Industries AG, AE&E also had to file for bankruptcy. The AE&E group was then broken up.
According to the company, the AE&E portfolio included boilers and boiler systems , gas cleaning systems , thermal waste treatment systems , turnkey biomass and industrial systems, coal gasifiers and valves as well as services from engineering to modernization and conversion to system operation.
history
The company AE&E goes back to the predecessor companies Simmering-Graz-Pauker (mechanical engineering group, founded in 1854) and Waagner Biro (steel construction company, founded in 1854). In 1989, the state-owned company SGP was split up and the energy and environmental technology division was merged with parts of VA . In 1992 this part merged with Waagner-Biro and formed AE&E.
In 1996 the company took over the first shares (25%) of the Croatian boiler manufacturer Đuro Đaković . A takeover of 100% took place in 2000.
In 2002 A-Tec took over the company.
In the following years the company expanded massively through acquisitions:
- 2003 Von Roll Inova , Switzerland (Zurich)
- 2004 Babcock Espana , the Spanish subsidiary of Deutsche Babcock
- 2005 two smaller boiler manufacturers in India and Australia
- 2006 Alstom's industrial boilers and power plants division with branches in
- Germany (Cologne, Nuremberg); now operates as AE&E Inova GmbH ,
- Czech Republic (Brno); formerly První Brněnská Strojírna , then ABB ALSTOM POWER Czech, sro , now Austrian Energy & Environment CZ sro
- Australia (Sydney)
- 2007 Lentjes , Ratingen
The massive acquisitions came to an abrupt end in the following years. On November 24th, 2010, after the bankruptcy of the parent company, AE&E had to file for insolvency at the Vienna Commercial Court ( restructuring procedure without self-administration ).
According to an article in the industry magazine, the AE&E board of directors misled with accounting tricks. In addition to the public and banks, Mirko Kovats were also affected.
At the beginning of December, Andritz AG announced that it would buy and renovate AE&E Austria (that means the Austrian branches). These now operate under the name of Andritz Energy & Environment .
The Swiss intermediate holding company AE&E Inova Holding AG had to apply for a debt restructuring moratorium in December 2010 because a loan to AE&E Group GmbH had to be written off.
The other companies were sold as follows:
- The Swiss subsidiaries AE&E Inova and KRB AG as well as AE&E Inc., USA were sold to the Japanese industrial group Hitachi Zosen .
- The Russian company EM Alliance took over the Croatian subsidiary Đuro Đaković (company)
- Lentjes was bought by the South Korean Doosan group.
- Altawest SAS took over AE&E Inova France SA, AE&E Maintenance France SAS and AE&E Inova France Operations SAS
- AE&E CZ, sro, Czech Republic went to Bilfinger Berger in 2011
- AE&E Chennai Works Ltd. and IDEA Private Ltd. were sold to Doosan (South Korea) and Dodsal (India)
- AE&E Inova GmbH, Germany had to file for bankruptcy in November 2010. The Japanese IHI Corporation acquired the plant and boiler construction division, Keppel Seghers acquired the know-how relating to waste incineration plants and enpros acquired the engineering division.
- AE&E Australia had to file for bankruptcy and was then sold to RCR Tomlinson
Former board members
- Jürgen Wild (* 1961), CEO (2005–2008)
Business figures
Through the above The AE&E Group has grown massively in recent years:
| year | Sales [million €] |
Employee |
|---|---|---|
| 2003 | 131 | 1100 |
| 2004 | 431 | 1607 |
| 2005 | 443 | 2153 |
| 2006 | 613 | 2726 |
| 2007 | 1045 | 4544 |
| 2008 | 1622 | 5005 |
| 2009 | 1812 | 5204 |
Trivia
The AE&E logo is a Penrose triangle .
Web links
- AE&E Group ( Memento from November 12, 2010 in the Internet Archive ) in the Internet Archive
- A-Tec Industries - parent company
swell
- ↑ a b c A-Tec Annual Report 2006 ( Memento of the original from October 28, 2007 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ a b Brief portrait of AE&E from A-Tec ( Memento of the original from April 2, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Situation "massively deteriorated". news.ORF.at , November 24, 2010, accessed June 30, 2012 .
- ↑ Entry on Waagner-Biro Binder AG in the Austria Forum (in the AEIOU Austria Lexicon )
- ↑ a b History of AE&E
- ↑ Company history Duro Dakovic TEP ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ↑ History of AE&E CZ ( Memento of the original from March 15, 2008 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ A-Tec press release on Alstom ( Memento of the original from October 28, 2007 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ A-Tec press release on Lentje's purchase ( Memento of the original from October 26, 2007 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ A-Tec press release on Lentje's purchase closing ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ↑ HG Wien (007), file number 38 S 138 / 10m ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. , accessed on November 25, 2010
- ^ The AE&E file. (No longer available online.) Industriemagazin, April 4, 2011, archived from the original on April 8, 2011 ; Retrieved August 15, 2012 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Andritz buys A-Tec subsidiary AE&E on ORF from December 2, accessed on December 3, 2010
- ↑ Archive link ( Memento of the original from January 27, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. ANDRITZ Energy & Environment GmbH (AE&E) - Homepage
- ↑ a b c d Hitachi Zosen Inova Annual Report 2010. (PDF; 5.0 MB) Accessed January 27, 2013 (English).
- ↑ Tages-Anzeiger: Former Von Roll subsidiary becomes Japanese , December 20, 2010
- ↑ Industry magazine : AE&E: Sold and Liquidated ( Memento of the original from April 17, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Doosan boosts portfolio with acquisition of AE&E Lentjes
- ↑ Bilfinger Berger buys AE&E subsidiary in the Czech Republic. Wirtschaftsblatt, June 20, 2011, archived from the original on September 22, 2013 ; Retrieved June 30, 2013 .
- ^ AE&E: Sold and Liquidated. How the subsidiaries of the plant manufacturer AE&E are sold. (No longer available online.) INDUSTRIEMAGAZIN , March 30, 2011, archived from the original on April 17, 2015 ; Retrieved July 1, 2012 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ M&A Yearbook 2011/2012. (PDF; 8.1 MB) Retrieved January 27, 2013 (English).
- ^ RCR Tomlinson buys AE&E Australia. (No longer available online.) May 24, 2011, archived from the original on March 9, 2012 ; accessed on January 19, 2013 (English). Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ AE&E business figures (English)
