Rototec Group has on the 24th of October 2024 taken an important step in the geographical expansion strategy by acquiring a group consisting of two reputable geothermal companies in Saxony, Germany. The companies, which essentially operate as one entity, are led by Mike Müller, a driven entrepreneur with several decades’ experience in the industry.
“We see Germany as a very attractive and well-suited market for Rototec’s services and operations. I’m thrilled that we will have Mike’s vast knowledge and experience of the German market and I believe we can also bring in a lot of competence and experience from the Nordics, and that jointly with Mike we will develop a fantastic collaboration to further improve our offering and customer experience”, says Rototec’s CEO Peter Revay.
“I am very excited to join the Rototec family, with all the opportunities it brings. Rototec is a true pioneer in this business, and with its established brand, resources and reach, I am really looking forward to the collaboration and further growth in a fast developing market in Germany”, adds Mike Müller, the seller and entrepreneur of the acquired companies.
The acquired companies, Erdwärme & Bohrtechnik GmbH Sachsen and Tiefbau Böhm HOT GmbH, have combined revenues in excess of EUR 4 million and a solid, stable and profitable track record, and are well established and the leading provider of geothermal drilling in its local market in the Saxony region.
For further information, please contact:
Ville Mannola, CFO, Rototec Group
Tel. +358 400 357 767
E-mail: ville.mannola@rototec.fi
Rototec in Brief
Rototec is Europe's largest supplier of geoenergy solutions and an innovator in the industry. Geoenergy is renewable energy extracted from the ground. With geoenergy, it is possible to heat and cool properties of all sizes. Rototec has a complete offering that covers the entire process from consulting services and energy system design to implementation. Rototec Group was founded in 2007, and the company operates in the Nordic region and the USA. In 2023, the company's turnover was 80 million euros.