Maxxtec AG press release

Sinsheim, 2009-Feb-02

Maxxtec gains a new financial investor

The specialist in waste heat and ORC technology intends further growth by funds inflow

Sinsheim. Within the scope of a capital increase, the renowned financial investor Siemens Venture Capital (SVC), a subsidiary company of the Siemens AG, acquires shares in Maxxtec AG of about 20%. All in all, about Euro 10 mn are invested in the leading supplier of waste heat systems and ORC modules (Organic Ranking Cycle) for the efficient generation of energy from solid biomass and industrial waste heat.

“With Siemens Venture Capital we are pleased to have a strong financial investor on board that can - due to the corporate affiliation - give us some valuable perspectives for the operational business,” said Rolf Schleicher, CEO of the Maxxtec AG. The investment of SVC presented an important step in the company’s history that is more than ten years old.

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