Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire PRINZ Kinematics GmbH (?PRINZ?) from AL-KO Kober SE on November 24, 2023. As a new add-on investment, the company will join KICO & ISH Group, strengthening the groups position as system supplier of high-quality automotive technology. For FY 2022, PRINZ generated revenues of approx. ?55 million and had around 300 employees. The closing of the transaction is expected in Q4 2023. Boris Dürr and Marcel Greubel of HEUKING acted as legal advisor to AL-KO.

Mutares SE & Co. KGaA (ISIN: DE000A2NB650) completed the acquisition of PRINZ Kinematics GmbH (?PRINZ?) from AL-KO Kober SE on January 3, 2024.