MUTARES SE & CO. KGAA
DGAP-News: Mutares SE & Co. KGaA
/ Key word(s): Investment/Takeover
Mutares signed fourth Buyside Transaction 2020 and acquires German Metallurgie Business from Nexans to strengthen existing Platform Plati - Add-on acquisition for the Automotive & Mobility investment of Plati raises significant synergies in value stream - Leading oxygen free copper drawing manufacturer for diversified industries with automotive focus with approx. EUR 260 million in (local GAAP) revenues in 2020 - Mutares reconfirms strong growth outlook for 2020 and delivers on promises and set strategy Munich, 30 June, 2020 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) and Nexans (ISIN: FR0000044448) have signed an agreement on the acquisition of Nexans Metallurgie Deutschland GmbH (NMD) with manufacturing locations in Bramsche, Germany and Neunburg, Germany including approximately 250 employees. The company is based in Germany and holds two manufacturing sites serving major first and second tier customer base for automotive, white goods and general industrial applications. Together with the existing Plati Platform, the joint forces can now serve a broader value chain and consequently increase customer service and centricity. With its two manufacturing sites in Eastern Europe and the acquired raw material supply from NMD Plati's growth will be accelerated and synergies in single digit millions can be realized. "The foreseen transaction underlines Mutares approach of buy-and-build for stable, profitable businesses such as our Plati Group. The acquisition of NMD is a great opportunity to accelerate the growth and profitability of both companies and creates increased shareholder value", says Johannes Laumann CIO of Mutares. Company profile Mutares SE & Co. KGaA Mutares SE & Co. KGaA, Munich (www.mutares.de), acquires medium-sized companies and parts of groups with headquarter in Europe 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. In 2019, Mutares' portfolio companies generated consolidated revenues of EUR 1,016 million and employed more than 6,500 people worldwide. The shares of Mutares SE & Co. KGaA are listed on Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: DE000A2NB650). For further information please contact: Mutares SE & Co. KGaA Contact for press requests
30.06.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Mutares SE & Co. KGaA |
| 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, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange |
| EQS News ID: | 1081129 |
| End of News | DGAP News Service |
1081129 30.06.2020
