HEAG
| HEAG Holding AG - investment management of the City of Science Darmstadt
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| legal form | Corporation |
| founding | 1912 |
| Seat | Darmstadt , Germany |
| management | Klaus-Michael Ahrend, Markus Hoschek |
| Number of employees | approx. 35 (including PZK) |
| Branch | Utilities |
| Website | www.heag.de |
The HEAG Holding AG - Investment Management of the City of Darmstadt , in short: HEAG is the holding and management company of HEAG Group, based in Darmstadt . The city of Darmstadt has bundled a large part of its economic activities in this group in an organizational form under private law. HEAG Holding also provides investment management for the city of Darmstadt.
The tasks of HEAG
HEAG Holding is the management company of the HEAG Group and thus the parent company of ENTEGA AG, HEAG mobilo , bauverein AG, HEAG Versicherungsservice GmbH, HEAG book-n-drive Carsharing GmbH, System-tec Service GmbH and HEAG Kulturfreunde Darmstadt.
At the same time, HEAG has been responsible for the investment management of the city of Darmstadt since 2008 . This comprises 113 participations (as of 2020) in eight business areas: Energy & Water, Real Estate, Mobility, Health & Social Affairs, Culture and Leisure, Telecommunications & IT, Disposal & Wastewater and Investment Management. The HEAG is the central and authoritative advisor to the city of Darmstadt in all economic matters of the city economy and represents the center of a network organization that concentrates on communication and close cooperation between the investments as well as further optimization of the Darmstadt city economy.
history
The first 70 years
On April 15, 1912, HEAG was founded as the Hessian Railway Corporation . It combined the two competing trams - the electric tram, which was owned by the city of Darmstadt, and the steam tram of the Süddeutsche Eisenbahn-Gesellschaft with a total distance of 30 km. The city of Darmstadt also gave its power station, which was completed in 1888, into the hands of the new company.
The shareholders were the city of Darmstadt, which held 2000 shares with a value of 1000 marks and thus half of the share capital, the Süddeutsche Eisenbahn-Gesellschaft (1958 shares) and the province of Starkenburg (40 shares). The industrialist Hugo Stinnes and the councilor of the city of Essen Walter Bucerius received one share each.
Right from the start, HEAG pushed the expansion of the electricity network in Darmstadt and the Starkenburg region. The output of the generation capacities, which began in 1888 with approx. 75 kWh, was already 2.7 million in 1912 and rose to 6.6 million in the 1914/15 financial year. At the end of March 1914, HEAG was already supplying 76,000 lamps and 1,760 motors with electricity.
The outdated Central Station was shut down in 1915 due to the high consumption of coal. The boiler, chimney and steam engine were demolished and the boiler house was used as a workshop and the machine house as a control room and converter station. In 1912, the HEAG transport division had the electric tram with three lines and 42 vehicles; also over three steam train lines with 8 locomotives and 43 cars.
In the course of inflation , the price of the cheapest ticket rose from 10 Pfennig in 1914 to over 70 Pfennig (1920) to over 200 billion Reichsmarks at the end of November 1923. Passenger numbers fell, tram traffic became unprofitable, so that until 1923, apart from lines 1 , 2 and 3 all lines have been shut down. It was not until 1924 that prices stabilized again and fell to 15–35 pfennigs. In 1922 the steam trams stopped operating, the first bus line went into operation in 1927 and the tram has been running to Jugenheim since 1936 . At the end of 1938, the transport network comprised 42 km of tram and 25 km of bus routes. In 1927, HEAG was already supplying 267 villages with a total of 320,300 inhabitants with electricity. The Hessische Eisenbahn-Aktiengesellschaft was renamed Hessische Elektrizitäts-Aktiengesellschaft in 1941.
Electricity supply and the expansion of the transport network increased rapidly after the end of the Second World War. Mid-50s went to nearly 180 km tram seven, eleven bus and three O bus -lines. In 1946 31 million passengers were carried, in 1947 it was 37.8 million. Statistically, every Darmstadt citizen uses the tram or bus for 340 trips a year. In these post-war years, the local transport division of HEAG operated profitably for the last time - the increasing individual transport led to a drop in passenger numbers, which in 1967 reached a low of around 21 million.
HEAG's social benefits have had a good reputation since their inception. As early as 1912 there was a company health insurance fund , which still exists today as Heag BKK . From the start, employees could not only insure themselves but also their family members. This was a rare exception in the period before the First World War.
Formations and takeovers
The company began in the late 1980s / early 1990s with the expansion of business areas and changes in the corporate structure. Together with Südhessischen Gas und Wasser AG, she founded the Entsorgungs-AG (EAG) in 1989. This marked the beginning of a decade marked by company foundings.
The transport company was spun off in 1990 into its own company, HEAG Verkehrs-GmbH. Two years later, all activities in the energy sector were bundled in HEAG Vertriebs-AG. In 1996 the subsidiary HEAG MediaNet was founded.
Major changes in the energy and transport sectors took place in 1998: The Jugenheim bus company Bergsträßer travel agency Glück & Seitz was taken over, giving HEAG a second transport subsidiary; the areas of networks and sales were also created. Finally, in the following year, the sales subsidiary Entega was founded jointly by HEAG Versorgungs-AG and Stadtwerke Mainz ; In 2001, Entega and Stadtwerke München founded the energy trader Citiworks .
In 1999, HEAG founded the subsidiary HEAG NaturPur. The company offers green electricity from sun, wind, water and biomass as well as from combined heat and power plants. In 2000 the city of Darmstadt divided its subsidiaries (Hessische Elektrizitäts-AG and Südhessische Gas und Wasser AG) under the newly founded Holding Hessen Darmstadt (HEDAG). In 2001, HEAG Vertriebs-AG acquired the pipe and plant manufacturer Nohl Darmstadt.
In 2003 the HEAG supply AG and the Südhessische Gas und Wasser AG merged to form HEAG Südhessische Energie (HSE). In addition, HEDAG merged with Hessische Elektrizitäts-AG and was renamed HEAG in 2004.
The transport company Glück & Seitz merged with HEAG Verkehrs-GmbH to form HEAG mobilo GmbH.
On July 1, 2005, the City of Darmstadt's magistrate decided to integrate the Bauverein into HEAG, thereby bundling all of the main economic activities of the City of Science in Darmstadt. In the course of this, the business divisions of the "old" HEAG, energy, traffic, telecommunications, waste disposal, plant construction, IT and real estate, were transferred to independent companies. Five divisional companies were created that now cover almost all areas of municipal services of general interest.
In 2008, the holding management of the City of Science Darmstadt was transferred to the holding company, which was also reflected in the name of the parent company: HEAG Holding AG - Investment Management of the City of Science Darmstadt (HEAG). In the course of this, the board was reduced in size. Klaus-Michael Ahrend and Markus Hoschek have been running the company since 2008.
Business areas
energy
The group subsidiary ENTEGA AG is the most important independent service provider for energy, water and supply in southern Hesse. The largest subgroup within the HEAG Group supplies almost one million people in private households, industry, trade and public facilities with energy every day.
property
The subsidiary bauverein AG is the largest real estate service provider in southern Hesse. The bauverein AG owns and manages around 17,000 apartments in Darmstadt and southern Hesse. It also rents and manages commercial properties.
mobility
The group subsidiary HEAG mobilo is one of the largest public transport service providers in southern Hesse. It operates tram and bus routes in Darmstadt as well as some regional bus routes in the districts of Darmstadt-Dieburg and Bergstrasse .
Investment management
In 2008, the city of Darmstadt entrusted HEAG with the management of around 150 holdings in companies, own businesses and special-purpose associations. This means that HEAG is also the management company for Darmstadt's municipal economy. As a mediator and consultant, she promotes the dialogue between city management, politics, participations and private and municipal partners. Resolutions of the city and overriding requirements must be taken into account.
Group structure
94.99% of the shares in HEAG are held by the City of Darmstadt and 5.01% by Sparkasse Darmstadt .
HEAG holds shares in the following companies:
- Entega : 93.23%
- Bauverein AG : 85.42%
- HEAG mobilo : 74.0%
- HEAG Versicherungsservice GmbH: 80.00%
- HEAG book-n-drive Carsharing GmbH 50%
- System-tec Service GmbH 49.9%
- HEAG Kulturfreunde Darmstadt non-profit GmbH: 100%
Figures from the HEAG Group
- Balance sheet total: 2,883 million euros
- Sales revenue: 1,950 million euros
- Number of employees: 2,943
(Status: 2018)
Individual evidence
- ↑ https://www.bauvereinag.de/
- ↑ https://www.heag.de/heag-konzern/versicherungsservice/
- ↑ https://www.heagmobilo.de/de/book-n-drive-carsharing
- ↑ https://systemtec-service-gmbh.de/
- ↑ https://www.heag.de/heag-konzern/kulturfreunde/
- ↑ https://www.heag.de/holding/