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.

Having been growing for about 50% per year since its foundation, the capital base of the Maxxtec AG Sinsheim will now be strengthened considerably by this investment. Building on this basis, Maxxtec wants mainly to finance future growth with the new capital. The international distribution will be intensified, the development of new products will be pushed and the serial production will be further improved. Beyond, Maxxtec considers to acquire shares of qualified medium-sized companies.

For the chief financial officer Alexander Mitsch, the investment builds “a solid base” for the future growth of Maxxtec AG. Moreover, the investment of SVC presented a meaningful mark of confidence in the capacity of the company, particularly in the light of the current situation on the capital market.

SVC also sets high expectations in the future collaboration: “Maxxtec’s ORC technology is increasingly used in decentralized biomass power plants and also allows for the utilization of energetically valuable industrial waste heat. As a result, Maxxtec enables the infrastructure for renewable energy to be expanded and operates in long-term growth markets,” said Rudolf Ohnesorge, Investment Partner at Siemens Venture Capital and a future board member of Maxxtec’s supervisory board. Therefore, the financing of the Sinsheim-based company represents the first investment of SVC’s newly launched Growth Capital initiative.

During the transaction Maxxtec has been consulted by Sal. Oppenheim jr. & Cie. KGaA.

About Maxxtec

The Maxxtec AG is a major player in the development and production of equipment and integrated systems for efficient power generation from solid biomass, industrial waste heat as well as other renewable energy sources. Maxxtec AG is world-wide the sole supplier who can offer heat transfer plants and ORC-packages out of its own house and engineering. With 8 regional offices and 26 representatives worldwide the company cooperate with its clients in more than 45 countries all over the world. Since the foundation of maxxtec in 1996 Maxxtec AG has had a growth of 50% on an average each year. In 2008, a turnover of Euro 30 mn Euro was realised.

Further information on Maxxtec are available at www.maxxtec.com

Contact:
Patrick Mehl
Tel.: 07261/927916
patrick.mehl@maxxtec.com