On 21 February 2006, Heidelberg-based GAH Group sold its subsidiary company GA-tec Gebäude- und Anlagentechnik GmbH, with over 600 employees, to the Zehnacker Group of Singen, in concert with a management team from the GAH Group.
Focus on two fields of business
The sale means the GAH Group is focussing its spectrum of activity on traditional fields of business in power generation and supply, communications and industrial plant engineering. It is here that the Group has market and earnings stability, with good growth prospects. Divesting GA-tec marks the end of a concentration process in which the GAH Group also divested itself of three other companies: KEU GmbH Energie- und Umwelttechnik in Krefeld, Dr. Herfeld GmbH in Neuenrade, and Kalfrisa S.A. in Saragossa (Spain). Details of the sale price are not being disclosed. The GAH-Group is wholly owned by Aare-Tessin Ltd. for Electricity (Atel) in Olten, Switzerland.
Aare-Tessin Ltd. for Electricity Corporate Communications
With over 4,500 employees and an extensive network of 30 subsidiaries with 150 branches, the GAH Group is one of the largest and most effective providers in the German market as well as adjoining countries. GAH Group provides total system solutions covering the entire energy process chain from generation, through transmission and distribution, to utilisation, as well as complete telecommunications solutions. GAH Anlagentechnik Heidelberg GmbH is based in Heidelberg (D) and is a wholly owned subsidiary of Aare-Tessin Ltd. for Electricity (Atel) in Olten (CH).
Aare-Tessin Ltd. for Electricity (Atel)
Aare-Tessin Ltd. for Electricity (Atel) is the leading production-based energy service provider in Switzerland and operates at a pan-European level. Founded in 1894, Atel focuses on the two core businesses of production-based Energy Trading and Energy Services. The group of companies, domiciled in Olten, employs a staff of around 8400 and generated a turnover of CHF 8.6 billion in 2005. Its main markets in the energy sector are Switzerland, Italy, Germany and the Central and Eastern European countries. Its goods and services range from portfolio management and group energy supplies, to energy derivatives and option contracts, to establishing distribution concepts involving other partners. Trading and distribution are supported by a number of proprietary hydraulic and thermal power stations plus a broadly ramified transmission grid. With its Energy Services Division, Atel provides all technical services pertaining to energy (electricity, gas, oil and biomass) and its uses as power, lighting, cooling and heating, communication and security. Atel is among the leading providers of Energy Services in both Switzerland and Germany.