Andritz has acquired Duro Dakovic Termoenergetska postrojenja (DD-TEP) in Croatia. Terms of the deal weren't disclosed.
DD-TEP has annual revenue of approximately Euro 60 million and employs around 870 people at its two locations in Slavonski Brod and Lužani (both in Croatia).
DD-TEP is a well-established company with 100 years of experience in the production of boiler plants for various kinds of fuels meeting the most demanding parameters. The company focuses on designing and manufacturing boiler facilities, energy islands and power stations that process biomass and waste on grate technology, thus strongly supporting circular economy. Furthermore, DD-TEP also manufactures and delivers complete power stations on a "turn-key" basis with a power output larger than 2 MWel, producing electricity and heat energy from renewable biomass sources.
The acquisition will further strengthen Andritz's market position for renewable energy equipment especially with grate technology and enhance its capacity and quality of manufacturing of pressure parts and boiler auxiliary equipment.