Mutares AG: Portfolio company Balcke-Dürr receives funding from the Federal Ministry of Labour and Social Affairs of Germany
December 07, 2018 at 01:35 am EST
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DGAP-News: Mutares AG / Key word(s): Private Equity/Sustainability
Mutares AG: Portfolio company Balcke-Dürr receives funding from the Federal Ministry of Labour and Social Affairs of Germany
07.12.2018 / 07:30
The issuer is solely responsible for the content of this announcement.
Mutares portfolio company Balcke-Dürr receives funding from the Federal Ministry of Labour and Social Affairs of Germany
EUR 1.5 million project explores digitized idea and work management
Focus is the involvement of employees in the introduction of new technologies
Supported by the Universities of Trier, Bremen and Duisburg-Essen
Dusseldorf, 7 December 2018 - The Balcke-Dürr Group, a subsidiary of Mutares AG (ISIN: DE000A2NB650), is one of three companies participating in the DIAMANT research project ("Digitalized Ideas and Work Management in Production, Logistics and Retail"). The aim of the project is to involve employees in the introduction of new technologies in the value chain.
In the project supported by the Universities of Trier, Bremen and Duisburg-Essen, different strategies are developed in cooperation with experts from psychology, computer science and logistics to successfully counter digitization and artificial intelligence. Together with employees, works councils and executives, the project accompanies the handling of the changed demands on the employees in order to develop new competence profiles. In particular, abstraction and problem-solving skills are required to cope with complexity as well as the handling of automated applications and artificial intelligence.
"Digitalization and artificial intelligence mean not only new intelligent solutions for previously unresolved inefficiencies in a wide variety of processes, but also the need for a strategy for dealing with these very solutions. Particularly in companies with a long industrial history such as ours, it is important to ensure that all employees are able to cope with these changing requirements. We hope that by participating in the DIAMANT project, our employees will be able to use the opportunities of digital transformation even more efficiently in the future," says a spokesman for the Balcke-Dürr Group.
Other participants in the project are the REWE retail chain and the family business BOGE. The project is headed by junior professor Dr. Caroline Ruiner from the University of Trier and funded by the German Federal Ministry of Labour and Social Affairs of Germany with EUR 1.5 million.
Company Profile of the Balcke-Dürr Group
Balcke-Dürr is one of the leading manufacturers of components for increasing energy efficiency and reducing emissions for industry with over 130 years of experience. The Düsseldorf-based company is a subsidiary of the Munich-based Mutares Group.
Company profile of Mutares AG
Mutares AG, Munich (www.mutares.de), acquires medium-sized companies and parts of groups that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company. The shares of Mutares AG are listed on Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: DE000A2NB650).
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07.12.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Language:
English
Company:
Mutares AG
Arnulfstr.19
80335 Munich
Germany
Phone:
+49 (0)89-9292 776-0
Fax:
+49 (0)89-9292 776-22
E-mail:
ir@mutares.de
Internet:
www.mutares.de
ISIN:
DE000A2NB650
WKN:
A2NB65
Indices:
Scale 30
Listed:
Regulated Unofficial Market in Berlin, Frankfurt (Scale), Stuttgart, Tradegate Exchange
Mutares SE & Co KgaA is a Germany-based holding company focused on acquiring companies in special situations, such as owner or management succession and re-funding. It is active in three segments: Automotive & Mobility, including Elastomer Solutions, a manufacturer of rubber moldings, Plati, a supplier of cable harnesses, Kico, a supplier for automotive technology and STS Group, a supplier for commercial vehicle; Engineering & Technology, including Balcke-Duerr, a producer of power plant components, Donges Group, a manufacturer of bridge and steel constructions, EUPEC, a supplier of coatings for oil and gas pipelines, and Gemini Rail Group, a provider of component and vehicle overhaul services to rolling stock owners, and Goods & Services, including KLANN, a manufacturer of tinplate packaging, Cenpa, a manufacturer of coreboard, La Meusienne, a manufacturer of stainless steel tubes, TrefilUnion, a producer of iron wire and prestressing steel, and keeeper group, a plastic manufacturer.
MUTARES SE & CO. KGAA 
