Tognum, Hug form JV
To fulfill the substantially lower limits of future emission requirements, additional technologies will be necessary for engine development. These include, for example, so-called SCR (selective catalytic reduction) systems in which nitrogen oxides are reduced by means of ammonia. Hug has been gathering experience in this specialist field over many years and has developed and supplied around 1000 SCR systems for retrofitting on diesel engines in locomotives, ships and industrial plants. Setting out the future course, Dr.
Tognum Has a New Major Shareholder
approximately 22% stake in Tognum AG – which it held through the company Seeker Rekees S.à r.l. – to Daimler AG. Daimler’s Supervisory Board approved the acquisition of this shareholding. Tognum AG. The entire transaction is subject to the approval of antitrust and other authorities. Tognum’s Board of Management welcomes this decision of Daimler and EQT. CEO Volker Heuer stated: “We are delighted that Daimler AG fully supports Tognum’s growth strategy – as a reliable business associate and now also as a strategic investor. corporate strategy focused on profitable growth and today’s independence. Less than one year after the initial public offering, the previously open question of what would happen to EQT’s remaining stake has been successfully resolved.
