The transaction will generate additional income of around EUR 1.5 million for 3U in the 2020 financial year. After completion of the transaction, the remaining 3U portfolio of electricity generation plants from renewable energies will have a capacity of around 53 MW.
Stadtwerke Heidenheim AG – Group is a utility company with a long tradition that has continuously developed since its foundation in 1865 and has been supplying customers throughout Germany with electricity since 2003. The energy required for this is produced in the company’s own combined heat and power plants or renewable energy plants. Their installed capacity is more than 130 MW (https://t1p.de/j15o).
"We bear responsibility for the supply of our customers, but also for the climate and the environment," emphasises Dieter Brünner, CEO of Stadtwerke Heidenheim AG – Group. "That is why we have been investing in environmentally friendly, decentralised energy supply for decades. The expansion and market integration of renewable energies play a central role. In this context, the acquisition of the Lüdersdorf II wind farm is a sensible and optimal addition to our proprietary green power generation portfolio."
Michael Schmidt, Speaker of the Management Board of 3U HOLDING AG, explains: "Value enhancement is a central corporate purpose at 3U and an important measure of success in our megatrends. This also applies to our commitment to renewable energies. Together, the responsible management of all areas thus contributes to strengthening our strategic focus on cloud computing and online trading."
3U HOLDING AG (www.3U.net) has its headquarters in Marburg, Germany, and was founded in 1997. It is the operating management and investment holding company at the head of the 3U Group. It acquires, operates and sells companies in the three segments of ITC (Information and Telecommunications Technology), Renewable Energies and SHAC (Sanitary, Heating and Air Conditioning Technology). The 3U Group has successful and profitable business models based on megatrends in all three segments. It continues to expand its business activities dynamically, particularly in its strongest growth areas of cloud computing and online trading, in which it is striving to achieve leading positions in the market.
3U HOLDING AG’s shares are traded on XETRA, Tradegate and on the German regional stock exchanges (ISIN: DE0005167902; identifier: UUU).
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