Dürr increases interest in LaTherm - Dürr Group

We use cookies, similar technologies and tracking services

This website uses cookies, similar technologies and tracking services (hereinafter referred to as “Cookies”). We need your consent for Cookies, which not only serve to technically display our website, but also to enable the best possible use of our website and to improve it based on your user behavior, or to present content and marketing aligned with your interests. For these purposes, we cooperate with third-party providers (e.g. Salesforce, LinkedIn, Google, Microsoft, Piwik PRO). Through these partners you can also receive advertisements on other websites.
If you consent, you also accept certain subsequent processing of your personal data (e.g. storage of your IP address in profiles) and that our partners may transfer your data to the United States and, if applicable, to further countries. Such transfer involves the risk that authorities may access the data and that your rights may not be enforceable. Please select which Cookies we may use under ”Settings”. More information, particularly about your rights, e.g. to withdraw consent, is available in our Privacy Policy .

Settings

Only technically necessary Cookies

Accept everything

Below, you can activate/deactivate the individual technologies that are used on this website.

Accept All

Essential

These Cookies make a website usable by providing basic functions such as page navigation, language settings, Cookie preferences and access to protected areas of the website. Cookies in this category additionally ensure that the website complies with the applicable legal requirements and security standards. Owing to the essential nature of these Cookies, you cannot prevent their use on our website. Details about these Cookies are available under 'More information'.

Functionality and personalization

These Cookies collect information about your habits when using our web pages and help us to enhance your user experience by tailoring the functions and attractiveness of our web pages based on your previous visits, location and browser settings. They also enable access to integrated third-party tools on our website (e.g., Microsoft Azure for single sign-on authentication). This can involve transferring your data to the United States (for information on the risks involved read Clause 1.5 of our Privacy Policy). If you refuse these Cookies, you might not be able to access the full functionality of the website. Details about the tools we use are available under 'More information'.

Analysis

These Cookies are used to compile basic usage and user statistics based on how our web pages are used (e.g. via Google Tag Manager, Piwik PRO). If you accept these Cookies, you simultaneously consent to your data being processed and transmitted to the United States by services such as Salesforce Pardot (for information on the risks involved read Clause 1.5 of our Privacy Policy). Details about the tools we use are available under 'More information'.

Marketing and social media

These Cookies help third-party sources collect information about how you share content from our website on social media or provide analytical data about your user behavior when you move between social media platforms or between our social media campaigns and our web pages (e.g., LinkedIn Insights). Marketing Cookies from third-party sources also help us measure the effectiveness of our advertising on other websites (e.g. Google Ads, Microsoft Advertising). We use these Cookies to optimize how we deliver our content to you. The third-party sources and social media platforms we use can transfer your data to the United States (for information on the risks involved read Clause 1.5 of our Privacy Policy). If you accept these Cookies, you simultaneously consent to your data being transferred and processed as described above. Details about the tools we use and our social media presence are available under 'More information'.

More information

Save Settings

Press Release Mar 26, 2012

Next step in energy efficiency technology

Bietigheim-Bissingen, March 26, 2012 – Dürr will increase its stake in heat storage specialist LaTherm from currently 8% to 26% by the end of 2012. Dortmund-based LaTherm GmbH develops and sells latent heat accumulators, which are used to decouple and store heat from industrial processes and cogeneration plants and utilize it at other locations. The heat, which is stored in special containers, can be fed, e.g., into the heating systems of buildings. It can be used off-grid, with time and location not dependent on the heat source.

Ralph Heuwing, Chief Financial Officer at Dürr AG and responsible for the Clean Technology Systems division within the Board of Management: “The utilization of waste heat reduces CO2 emissions by more than 90% compared to a traditional heat supply system. In view of rising energy prices, it provides a cost-efficient and sustainable alternative to conventional energy supply. In Germany alone the market value of unused waste heat is estimated at € 25 billion per year. LaTherm offers innovative technology for recycling waste heat.”

Industrial waste heat is fed into the LaTherm containers via a water cycle. The containers store up to 2.5 MWh of heat using the storage medium sodium acetate. Sodium acetate is an environmentally sound medium that is also used as a food additive. The heat loss in the containers is less than 0.5% per day. LaTherm has already received several prestigious awards for its technology.

The planned increase to a 26% stake is subject to the achievement of pre-defined performance targets in 2012. LaTherm is the third acquisition that Dürr made in expanding the portfolio of the new Clean Technology Systems division. Dürr is reviewing further potential acquisitions within the scope of the “Dürr 2015” strategy. Clean Technology Systems is developing its business in environmental and energy-efficient technologies and planning to achieve sales revenues in excess of € 200 million by 2015. In 2011, sales revenues reached just under € 90 million.