据OE网站3月8日法兰克福报道，德国能源基础设施公司Friedrich Vorwerk的最大股东周一表示，该公司计划于第一季度在法兰克福证券交易所（Frankfurt stock exchange）进行首次公开募股（IPO），以加速氢能源市场的增长。
该公司是MBB工业公司的子公司，其目标是从新发行的股份以及现有所有者手中筹集约9000万欧元（合1.07亿美元）。
据三位知情人士称，此次上市对Friedrich Vorwerk的估值可能在8亿-10亿欧元之间。
MBB拥有66%股份的Vorwerk专门从事天然气、电力和氢市场的管道、电缆和工厂建设。其公布了2020年利息、税收、折旧和摊销前收益5,860万欧元，销售额为2.912亿欧元。
该公司拒绝就估值置评。
MBB表示，氢和电力业务预计将受益于“清洁能源转型带来的大量投资”。
德国已经开始大规模开发“绿色”氢，利用风能、太阳能和生物质能产生的可再生能源，通过电解水生产。
欧盟也在推动这项技术，旨在为工业、能源、交通和其他部门开发替代燃料，作为该国实现气候目标的脱碳战略的一部分。
Neles、Alfa Laval和Weir等同行的交易价格为其核心收益的14-15倍。如果Vorwerk获得类似的倍数，其将在潜在的IPO中获得8.5亿欧元的估值。
该声明称，Vorwerk仍将是一家由所有者管理的企业，首席执行官柯菲德(Torben Kleinfeldt)和MBB将保留该公司的大量股权。
Vorwerk的剩余股份由创始人的遗孀Irene Vorwerk和Kleinfeldt拥有。
Vorwerk拥有一条潜在订单量巨大的销售管道，包括新的地下电力运输线路Suedlink、Suedostlink和Corridor A-Nord，以及一些计划中的氢电解槽工厂和管道。
郝芬 译自 OE
原文如下：
Germany’s Friedrich Vorwerk Plans to Expand in Hydrogen Market
German energy infrastructure firm Friedrich Vorwerk plans an initial public offering (IPO) The company, a subsidiary of industrial firm MBB, aims to raise about 90 million euros ($107 million) from newly issued shares as well as shares from existing owners.
The listing could value Friedrich Vorwerk at 800 million to 1 billion euros, three sources close to the deal said.
Vorwerk, in which MBB has a 66% stake, specializes in pipeline, cable and plant construction for the gas, electricity and hydrogen markets. It posted earnings before interest, tax, depreciation and amortization of 58.6 million euros in 2020 The company declined to comment MBB said the hydrogen and electricity businesses were expected to benefit from "substantial investments in light of the clean energy transition".
Germany has started large-scale efforts to develop 'green' hydrogen, which is produced from water by electrolysis using renewable power generated by wind, solar and biomass.
The technology, which is also being pushed by the European Union, aims to develop alternative fuels for industry, energy, transport and other sectors as part of the country's decarbonization strategy to meet climate targets.
Peers such as Neles, Alfa Laval and Weir trade at 14-15 times their core earnings. If Vorwerk secured a similar multiple, it would reap a 850 million euro valuation in a potential IPO.
Vorwerk would remain an owner-managed business, with Chief Executive Torben Kleinfeldt and MBB retaining a significant stake in the company, the statement said.
The remaining stakes in Vorwerk are owned by Irene Vorwerk, widow of the founder and Kleinfeldt.
Vorwerk has a sales pipeline with large potential order volumes from new underground electricity transport lines Suedlink, Suedostlink and Corridor A-Nord as well as a number of planned hydrogen electrolyzer plants and pipelines.
