Strategic partnership strengthens building technology and energy planning
AEW Energie is acquiring a 35 per cent stake in the Herzog Kull Group. Together, the energy supplier from Aarau and the building technology company from Risch want to develop new business areas.
AEW Energie AG is acquiring a stake in Herzog Kull Group Holding AG(HKG). The energy supplier from Aarau will acquire a 35 per cent stake in the Zug-based building technology and electrical engineering group, AEW announced in a press release. The two companies intend to develop new business areas together. Examples cited in the press release include general planning for site concepts and standardised overall solutions for residential construction.
The two companies have agreed not to disclose the purchase price for the shares. AEW and HKG have already worked together in the past. AEW acquired a 50 per cent stake in the HKG subsidiary GA-Werkstatt.ch AG(GAW) at the end of 2023. GAW is to be merged with HKG subsidiary Energy-Group.ch AG this year to form Energy Group AG.
“The megatrends of decarbonisation, decentralisation and digitalisation will continue to shape the energy system in the future, and every building will be an active element in this,” AEW CEO Marc Ritter is quoted as saying in the press release. His company intends to expand its own expertise in planning, engineering and building management, while continuing to forgo activities in execution. As part of the acquisition of HKG, Ritter and AEW Chairman of the Board of Directors Raffael Schubiger will join the Board of Directors of Herzog Kull Group Holding AG.