A NEW CHAPTER: A STRATEGIC SHIFT TOWARDS GLOBAL GROWTH AND GOVERNANCE EXCELLENCE

Founded on the principles of Care, Reliability, Growth&Development, Technoenergy AG is known for delivering tailored piping systems to the world’s most demanding markets, including the EU, Asia, and MENA. In December 2024, a pivotal change in ownership realigned the company’s focus and set the stage for faster, more decisive progress. Vyacheslav Erkes, majority shareholder, and Stanislav Shekshnia, chair of the independent board of directors, shared their perspective on what this new phase means for company’s governance, investment priorities, and long-term growth strategy.

Ownership Restructuring: A Clear Strategic Focus

In a significant shift, Vyacheslav and Tetiana Erkes acquired the remaining 50% of the company from co-founder Yuliya Balakina, consolidating full ownership within the Erkes family. 

“The primary motivation was a difference in vision for future development,” explains Vyacheslav Erkes, now sole shareholder of Technoenergy AG. “We wanted to prioritize large-scale investments in our core manufacturing facilities—FINOW Rohrsysteme GmbH in Germany and Ratnamani Finow Spools Solutions Private Limited in India. Owning 100% allows us to align our actions and focus fully on chosen long-term vision”.

This strategic clarity, Erkes notes, has already led to more efficient decision-making, faster execution, and renewed internal confidence.

The Role of the Independent Board

While ownership became more concentrated, governance moved in the opposite direction. Over the past year, the company has established an independent board of directors, chaired by Stanislav Shekshnia.

“The board brings a global perspective and acts as a collective strategic partner,” says Erkes. “Although we lost a co-shareholder’s viewpoint, we gained a high-calibre team of directors who challenge, support, and help us navigate complexity.”

Shekshnia explains the rationale: “As Technoenergy scaled across markets and product lines, the business has become more complex, governance needed to evolve. At this stage of development, the board’s role is not just oversight, but also strategic planning, leadership development, and risk management.”

Governance Priorities: People and Compliance

According to Shekshnia, the board has three immediate priorities. First, building a high-performing leadership team by attracting strong professionals and creating the right environment for them to grow and succeed. Second, developing a strategic roadmap to scale up, stay ahead of competitors, and identify the most promising opportunities. Third, ensuring compliance by adhering to all relevant regulations and governance standards. 

“Our strategy is set for the next 5-10 years. The governance transformation is designed to ensure we execute it well,” confirms Erkes.

Anchoring Growth in Core Assets: Germany and India

The dual production bases—FINOW Rohrsysteme GmbH and Ratnamani Finow Spools Solutions Pvt. Ltd.—remain central to the company’s ambitions.

FINOW, located in Brandenburg, Germany, is undergoing modernization, including new solar installations, production upgrades, and enhanced safety protocols. Meanwhile, the RFSS factory in Gujarat, India, which began as a greenfield project, is already contributing to regional projects.

“Our Indian facility is lean, modern, and highly productive,” says Erkes. “It reflects the best of what we have learned globally.”

Future plans include exploring the launch of a third production site in Egypt to serve the growing North African market.

Betting on Nuclear Energy and Europe’s Comeback

Technoenergy’s global growth strategy is closely tied to the resurgence of nuclear energy in Europe. With European countries announcing plans for building new reactors investing in nuclear programs, the company sees a window of opportunity.

“Europe is redefining nuclear as part of its green transition,” says Erkes. “We expect a boom in demand in five to seven years. We must act now to secure certifications and build readiness.”

To that end, Technoenergy is actively pursuing several international qualifications to enable its participation in major nuclear programs in Europe—including projects with EDF and Framatome in France, CEZ and KHNP in the Czech Republic, and Westinghouse in Poland, among others. The company is closely monitors developments is Small Modular Reactors (SMRs), which could revolutionize how nuclear energy is deployed.

Engineering Excellence, Backed by Experience

Technoenergy’s experience in nuclear piping projects, dating back to its origins in Ukraine, positions it as a reliable partner. With a track record of delivering safety-class components, the company has built expertise that meets the most demanding international standards.

“The next three years are critical,” says Erkes. “We need to certify, optimize, and prepare for the upcoming surge in nuclear demand.”

Financial Stability: A Platform for Growth

According to Shekshnia, Technoenergy has a solid financial base: strong cash flow, low debt, and a secure project pipeline for the next three years. The group’s partnership with Ratnamani Metals & Tubes Ltd., a well-capitalized enterprise in India, further strengthens its capital position.

“We can invest with confidence,” he says. “Europe’s nuclear market is one of the most complex—but also the most promising. If we can succeed here, we can succeed anywhere. It’s a true test and passing it will elevate our company to a new level.”

From a Local Company to a Global Enterprise. The Road Ahead

Both Erkes and Shekshnia highlight the group’s transformation from a small Ukrainian company into a multinational enterprise. The blend of German engineering, Indian efficiency, and international governance is now its hallmark.

“We are still guided by the same customer focus that drove our early growth,” says Erkes. “Now we apply it on a global scale. That means acting fast, solving problems proactively, and exceeding expectations of our customers.”

Shekshnia adds: “We do not see our strategy as a fixed plan, but as a living process. We stay agile and alert, ready to pivot as needed.”

At Technoenergy AG, leadership is driven by a clear strategic vision, a unified ownership structure, and a focus on long-term growth. With alignment around its core manufacturing assets and a commitment to governance excellence, the company is accelerating its international expansion and strengthening its position. 

“This is not just a change in structure,” says Erkes. “It is a change in momentum. We are moving faster, thinking bigger, and staying true to our values. Our team’s synergy and determination will carry us forward.”

From its origins as a local Ukrainian business to becoming a global industrial group, Technoenergy AG is entering a new phase—guided by experience, strengthened by strategic clarity, and fueled by ambition. With an agile, driven team and growing international presence, the company is ready to meet the challenges of a changing energy landscape and help shape the future of the industry.