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STEAG announced that they concluded the M&A process related to the Operation and Maintenance (O&M) Contracts from ENEX, company that provides services to third parties and belongs to STATKRAFT Energias Renováveis do Brasil S.A.
STEAG, through its subsidiary STEAG Energy Services do Brasil, was the company chosen by STATKRAFT for the transfer of such Contracts, after STATKRAFT decision not to have an O&M service provider company to third parties.
Most of ENEX's employees will now become a part of STEAG's staff and they will con-tinue allocated to the O&M Contracts for the Wind Farms, Hydro Plants and Small Hydro Plants in which they were already working, in order to ensure quality and safe-ty to the Clients.
STEAG Energy Services do Brasil has a large experience in providing Engineering and O&M services for the energy sector in Brazil and South America and will also count with a Remote Operation and Monitoring Center.
By taking over the O&M contracts from ENEX, STEAG aims to significantly expand its business in Brazil, increasing its presence in O&M Services by more than 1 GW.