Siemens Rebrands, Renames NEM
By Jack Burke17 January 2018
Siemens has rebranded and renamed its full subsidiary NEM Energy into Siemens Heat Transfer Technology (HTT). Siemens HTT is a specialist in heat recovery steam generators for power plants.
After completing the functional integration, the name change to NEM is the next step in the integration process initiated by Siemens. All other company details and the current legal structure remain unchanged. Chief Executive Officer (CEO) Martin Alf and Chief Financial Officer (CFO) Daniela Schwarz-Krause will continue in their current positions.
The new naming structure of NEM and its international offices are:
NEM Energy B.V. is now Siemens Heat Transfer Technology B.V.
NEM Power-Systems is now Siemens Heat Transfer Technology B.V., Niederlassung
NEM USA Corp. is now Siemens Heat Transfer Technology Corp.
NEM Egypt LLC is now Siemens Heat Transfer Technology Free Zone LLC
NEM Middle East (Gulf Steam Generators LLC) will remain the same.
In 2011, Siemens acquired NEM Energy B.V., a worldwide partner in heat transfer technology. As part of the Siemens Power and Gas Division, Siemens HTT mainly designs, engineers and sells components for power plants, including HRSGs, waste heat recovery units (WHRUs), exhaust & diverter systems and related equipment. With its headquarters in the Netherlands, Siemens HTT has branches in Germany, the USA, Egypt and the United Arab Emirates. The company has a worldwide installed base of more than 815 steam generators.