DGAP-News: Mutares SE & Co. KGaA / Key word(s): Investment/Takeover 
Mutares SE & Co. KGaA: Mutares successfully completes the acquisition of Alan Dick Communications Limited from 
Panasonic Europe BV 
2021-05-21 / 20:00 
The issuer is solely responsible for the content of this announcement. 
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Mutares successfully completes the acquisition of Alan Dick Communications Limited from Panasonic Europe BV 
- Strengthens the Engineering & Technology segment 
- Provider of critical communication and security systems for UK rail infrastructure 
- Acquisition highly complementary to Gemini Rail Group 
- Company with revenues of approx. EUR 40 million planned for 2022 
Munich/London, 21 May 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of 
Alan Dick Communications Limited ("ADComms") from Panasonic Europe BV. 
Headquartered in Scunthorpe, UK, the company employs around 100 people and expects revenues of approx. EUR 40 million 
for the next year. ADComms provides critical communications and security systems such as CCTV and passenger information 
systems to the UK rail sector. 
The acquisition marks the third transaction in the UK and strengthens Mutares' presence in the UK Rail sector. ADComms 
is highly complementary to the existing portfolio company Gemini Rail Group, which was acquired in 2018 from 
Knorr-Bremse. Significant operational synergies are expected within the framework of the future cooperation. 
Company profile Mutares SE & Co. KGaA 
Mutares SE & Co. KGaA, Munich (www.mutares.de), as a listed private equity holding company with offices in Munich (HQ), 
Frankfurt, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires medium-sized companies and parts of larger 
groups with headquarters in Europe that show a clear potential for operational improvement and are sold again after 
undergoing a repositioning and stabilization process. Mutares actively supports and develops its portfolio companies 
with its own investment and consulting teams as well as through acquisitions of strategic add-ons. With for aim a ROIC 
(Return on Invested Capital) of 7 to 10 times on the total investment with a focus on sustainable growth of the 
portfolio companies. In 2020, Mutares SE & Co. KGaA generated consolidated revenues of approx. EUR 1.6 billion 
employing more than 12,000 people worldwide. Based on this, consolidated revenues are expected to increase to 
approximately EUR 3.0 billion by 2023. Mutares is strongly committed to a sustainable dividend policy consisting of a 
base dividend and a performance dividend. The shares of Mutares SE & Co. KGaA are listed on the Frankfurt Stock 
Exchange under the ticker symbol "MUX" (ISIN: DE000A2NB650). 
For more information, please contact: 
Mutares SE & Co. KGaA 
Investor Relations 
Phone +49 89 9292 7760 
E-mail: ir@mutares.de 
www.mutares.de 
Contact Press 
CROSS ALLIANCE communication GmbH 
Susan Hoffmeister 
Phone +49 89 125 09 0333 
E-mail: sh@crossalliance.de 
www.crossalliance.de 
Contact for press requests in France 
CLAI 
Gaëtan Commault - gaetan.commault@clai2.com / +33 06 99 37 65 64 
Dorian Masquelier - dorian.masquelier@clai2.com / +33 07 77 26 24 57 
 
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2021-05-21 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. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
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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), Hamburg, Munich, Stuttgart, 
              Tradegate Exchange 
EQS News ID:  1199630 
 
End of News   DGAP News Service 
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1199630 2021-05-21


 
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(END) Dow Jones Newswires

May 21, 2021 14:00 ET (18:00 GMT)