Krebs

A leading player in the heating systems sector, providing engineering, procurement, and construction (EPC) services for heating systems, specializing in heat pumps, boiler systems, and gas engine systems for district heating as well as industrial use

The company is well-positioned to benefit from market tail-winds in the growing district heating market, driven by the green energy transition and Denmark's shift to heat pumps for district heating.

Investment Rationale

A specialist in energy technology, the company continuously works to create innovative and sustainable solutions for future heating production. Krebs has a strong ESG profile by focusing on delivering and installing heat pumps for Danish district heating plants, facilitating the shift from fossil fuels to sustainable energy solutions, thus being a driving force in the green transition.

The company’s efficient business model has made it lean and scalable while maintaining a robust project management model. The strong project management alongside delivering high-quality has positioned Krebs as a leading player in the market with a strong value proposition towards customers.

Headquarters: Aalborg

Website: https://krebs-as.dk 

Responsible partner: Mads Andersen

Fund: MIE 6 Triple Bottom Line

Annual report: Annual report 2023/2024