VSE and SHS found a joint company SHS Ventures First cooperation between the energy industry and steel industry for economic development in the Saarland
21 April 2016
In February, VSE AG and SHS - Stahl-Holding-Saar GmbH & Co KGaA founded the company SHS Ventures GmbH & Co. KGaA with the aim of identifying and developing new areas of business for the location of the Saarland.
As a result, new opportunities present themselves and allow active participation in current developments.
SHS Ventures will specifically contact young start-up companies including in the fields of Industry 4.0, infrastructure and the energy industry. With regard to the founding of SHS Ventures, the Chairman of VSE, Dr. Hanno Dornseifer commented, “The objective is to open up new areas of business for our companies through new cooperation and thus make a contribution to safeguarding the future of the location and providing job security in the Saarland”.
The VSE group has a bond with the steel industry in the Saarland that has been created by working together successfully for many years. The companies now want to build upon this basis. In the joint company SHS Ventures, SHS - Stahl-Holding-Saar GmbH & Co. KGaA and VSE AG are concentrating their business development activities and want to create a platform for more growth and innovation.
“As a technological leader in our industry, innovation is the engine that drives our further development. Start-up companies will make a contribution to strengthening our activities in this area” said Dr. Michael Müller, Chairman of the Management Board at SHS - Stahl-Holding-Saar.
SHS Ventures has already commenced work. Presently, promising start-up companies at home and abroad are being identified and examined.
About SHS - Stahl-Holding-Saar GmbH & Co. KGaA
SHS - Stahl-Holding-Saar GmbH & Co. KGaA (SHS), which was founded in 2001, is the management holding of the steel industry in the Saarland. Its key task is the corporate and strategic management of the Saarland-based steel companies, Saarstahl AG (long products such as wire rod and bar steel) and Aktien-Gesellschaft der Dillinger Hüttenwerke (heavy steel plates) while the companies work independently of each other in their markets and core processes. Potential for synergy within the group is thereby continuously being identified and implemented. Both Aktien-Gesellschaft der Dillinger Hüttenwerke and Saarstahl AG are manufacturers of steel products in the premium segment for most diverse customer segments such as mechanical engineering, the energy industry or the automotive industry. Around 14,000 employees work under the umbrella of the SHS companies, generating a turnover of around 4.5. billion euro.
About VSE Aktiengesellschaft
VSE Aktiengesellschaft has been an energy provider for over 100 years in the Saarland. Shareholders in the Saarbrücken-based company are RWE, the Saarland, districts, towns and municipalities in the Saarland. The company offers future-orientated solutions in the fields of energy generation, distribution and sale. Beyond its main business, VSE has developed into a strong corporate group, mainly operating in Germany, and has around 1,700 employees. Together with competent partners, the companies in the VSE group are involved in the business areas of electricity, gas and water supply, telecommunications, energy services and technical services, IT and commercial services as well as energy data and meter services. The successful development of the company is based on cooperation with partners that open up new synergy effects and offer new potential for growth.