We provide the key components for extracting oil and gas – including compressors and drives such as electric motors, gas and steam turbines, all the necessary electrical equipment, and automation and control solutions. These offerings solidly position us to serve the needs of a global energy industry that will continue to depend on fossil fuels in the coming decades. As energy resources are increasingly tapped in remote or extremely challenging regions such as in the polar seas and beneath the ocean floor, the need for advanced, exceptionally robust technologies will grow. We’re setting industry benchmarks in these areas with our innovative solutions. In addition to our products and systems for the oil and gas industry, we offer gas and steam turbines for industrial applications. Our gas turbines have capacities of up to 50 megawatts, while our steam turbines generate up to 250 megawatts. We also supply steam turbines specially designed for use in solar thermal power plants.

Driven by the rising demand for energy, our market is growing at six percent a year. To meet this demand, we’re steadily strengthening our position in the global market by making major investments, like our new €100-million test center in Duisburg, Germany, where we can simultaneously test six complete compressor trains weighing up to 700 tons apiece. By continuously expanding our R&D activities and production capacities, we expect to achieve above-average profitability over the next few years.