3U sells Lüdersdorf II wind farm

  • 3U HOLDING AG realises value enhancement in wind farm portfolio
  • Stadtwerke Heidenheim AG – Group expands its portfolio of electricity generation from renewable energies

Marburg, 17 December 2020 – 3U HOLDING AG (ISIN DE0005167902) has sold the Lüdersdorf II wind farm to a subsidiary of the Stadtwerke Heidenheim AG – Group. The wind farm was developed by 3U and put into operation in 2016. Its two Vestas V112 wind turbines with a rotor diameter of 112 m have a total output of 6.6 MW.

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

 

Further Information: 
Dr Joachim Fleing
Investor Relations
3U HOLDING AG
Tel.: +49 6421 999-1200
Fax: +49 6421 999-1222
E-mail: ir@3u.net

About 3U:
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).

3U divests itself of the underfloor heating installation business

  • Jointly with a strategic investor management takes over the 3U shares in ClimaLevel Energiesysteme GmbH
  • Business relationship with 3U subsidiary PELIA Gebäudesysteme GmbH to be continued
  • 3U HOLDING AG consistently continues to focus on strategic priorities

Marburg, 2 December 2020 – 3U HOLDING AG (ISIN DE0005167902) has sold its 75 % share in ClimaLevel Energiesysteme GmbH, Cologne, to the co-shareholder and managing director Uwe Kemmer, to another employee of the company and to a strategic investor. The transaction is in line with 3U’s strategy of focusing on its most promising strategic business areas in megatrends. 

Also in the new shareholder structure, ClimaLevel GmbH intends to continue to purchase services from the 3U subsidiary PELIA Gebäudesysteme GmbH as previously provided within the Group. The transaction will generate additional income of EUR 1.3 million and a net cash inflow of around EUR 2.3 million in the 2020 financial year. The effects on the Group’s business figures from the 2021 financial year onwards will be announced early in 2021 after completion of the internal 3U Group planning and in connection with the annual forecast.

Following this step, third party revenue in the SHAC segment (sanitary, heating and air conditioning technology) of the 3U Group will in future result primarily from e-commerce, only minor parts will result from services in the areas of supply chain and procurement.

“With the disposal of the underfloor heating systems installation business, we are taking a further step towards an even stronger emphasis on our successful business areas in megatrends”, underlines Michael Schmidt, Speaker of the Management Board of 3U HOLDING AG. “Our key, future-oriented focal points are and will remain cloud computing and online trading.”

 

Further Information: 
Dr Joachim Fleing
Investor Relations
3U HOLDING AG
Tel.: +49 6421 999-1200
Fax: +49 6421 999-1222
E-mail: ir@3u.net

About 3U:
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).