The company is a manufacturer of gas and diesel engines
With more than 50 years of experience, Guascor Energy (previously Siemens Energy Engines) offers a product portfolio focused on gas engines from 0.2MW to 2.0MW designed for power generation, cogeneration, waste-to-energy and marine uses. The product portfolio ranges from engines to spare parts and aftermarket services. The company has shown a successful innovation track-record by introducing some of the best-in-class reciprocating gas engines. The products are marketed through a large network of long-standing and well-established distributors, agents, and packagers with deep knowledge of local markets and access to loyal customer base. Furthermore, the company also engages in R&D and Innovation and is well positioned to benefit from trends such as decarbonization and decentralization of the oil and gas market. After being acquired by Siemens Energy in 2017, the company was then divested and will now operate independently, aiming for future growth with the help and lead of Mutares.
Guascor Energy will focus on improving its production efficiency, as well as promoting its sales and commercial structure. In order to achieve greater efficiency, the company will concentrate its efforts on developing an improved and concise procurement and manufacturing improvement plan. On the commercial perspective, the company will strive to be more customer centric by aiming for higher flexibility, with the ultimate goal of delivering custom-made solutions in a more efficient and reactive way. Ultimately, particular focus will be set on its flagship products to grow revenues.
|Seller||Siemens Energy S.A.|
|Year of Acquisition||2022|
|Revenues||EUR 65 m|
|Segment||Engineering & Technology|