October 2010

Marquard & Bahls Sells Its Energy Contracting Business

Proenergy, a Mabanaft subsidiary active in contracting, is sold to Cofely Deutschland, a subsidiary of the GDF Suez Group. Mabanaft had acquired Proenergy in early 2003 and had positioned it as a competent, reliable provider of energy contracting services. Proenergy currently operates more than 3,400 installations in Germany, Austria, Hungary and Rumania.

Under the management of Marquard & Bahls, Proenergy successfully continues its development, and has excellent growth prospects. However, it has too few elements in common with Marquard & Bahls’ core activities.