to innovate, Dietsmann was among the first
companies in the industry to harness the
latest advances in technology to maximize
the efficiency of its client’s operations. Under
Kütemann’s personal initiative, Dietsmann
Smart Robotics Lab and Dietsmann Smart
Data Lab were established to help the company
become a global front-runner in Advanced
Predictive Maintenance. Dietsmann is now
looking to pioneer the use of autonomous robots
and both augmented and virtual reality in the
operation, inspection, and maintenance of
continuous production facilities.
“We live in a time of social, political -- but
also digital -- transition,” says Kütemann. “Our
industry won’t change from analogue to digital
overnight, but if you don’t master this new
technology, you will wake up in five years’ time
and find that your business has shrunk.”
As president of Monaco Impact, the
organization that he founded to promote the
principality as a center of education, collaboration
and innovation, Kütemann’s corporate philosophy
dovetails neatly with Prince Albert ll’s dream of
turning Monaco into a “soft” commercial and
intellectual power. “We want to have prominent
businessmen from Monaco helping young
entrepreneurs through mentorship programs,” he
says. “All entrepreneurs need a break.”
Monaco Impact is also Kütemann’s way of
giving back to the principality he is proud to call
home, and which has created the conditions
for him to run a successful business across
four continents. If there is one man who
embodies the ethos underlying Prince Albert ll’s
Foundation, then it is surely Peter Kütemann.
P
rince Albert II’s initiative has been
embraced enthusiastically by many of
Monaco’s prominent residents, including
Peter Kütemann. As president and CEO of
Dietsmann, the company he set up to provide
integrated operations and maintenance service
to energy suppliers back in 1977, Kütemann
has been in the vanguard of the sustainability
movement for over 40 years.
Dietsmann’s first clients came from among
the oil and gas sector, but its business model
has proved transferrable to other sectors of the
energy industry as well. Today, the company
employs over 6,000 staff and has a local
presence in more than 20 countries throughout
Europe, Africa, Asia and South America.
“We are in the business of maintaining
energy,” Kütemann explains. “We believe that
maintenance is one of the most important tools
for optimizing production, ensuring health and
safety and keeping the environmental impact
down to a bare minimum. We are committed to
applying world-class standards.”
Dietsmann’s track record speaks for itself.
In 2014, it completed the acquisition of REP
Engineering, a Russian company contracted to
provide repair and maintenance services to a
string of power stations, including one of the
country’s and possibly the world’s largest coal-
fired plants. At the time, the plant was running
at approximately 35% efficiency, but that figure
has since shot up to 95%. “At the beginning
everybody was very resistant to the changes
we were looking to introduce,” Kütemann
recalls. “Now they are proud to be working for a
reputable international company.”
That pride stems from something less tangible
but equally as important as bare efficiency
ratios, and an aspect of the Dietsmann
approach that has won it admirers around
the world, namely, its commitment to strong
corporate sustainability and social responsibility.
A signatory to the UN Global Compact, the
company adheres closely to the principles
of integrity, respect, loyalty, efficiency and
transparency.
Kütemann is now exporting this approach
into the Balkans following the acquisition of
Bulgaria’s Energoremont Holdings, a purchase
that has secured it access to the nuclear and
conventional power and mining sectors of
Eastern Europe. “We are interested in power
plants because many of them are government
owned and usually quite inefficient,” says
Kütemann. “There is big potential there.”
Since those heady days of the North Sea
boom, the oil and gas industry has altered
dramatically as the extraction of hydrocarbons
from extreme climates such as the Russian
Arctic have put ever-greater demands on
both workforce and equipment. Never afraid
DIETSMANN –
The Sustainable Future
of Energy Maintenance
Peter Kütemann
President and CEO of Dietsmann
Monaco has long been famous for its glittering blue seas
and the jet-set lifestyles of its residents, but that began to
change in 2006 when Prince Albert II of Monaco set up his
Foundation to promote sustainable development. He was
determined to make this small principality a shining example
of what could be achieved if the will was there.
The Taurob robot, a fully autonomous Inspection & Maintenance
Robot a joint development of Dietsmann Smart Robotics Lab
CONTENT FROM THE INTELLIGENT INVESTOR
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