Mutares SE & Co. KGaA

  • WKN: A2NB65
  • ISIN: DE000A2NB650
  • Land: Deutschland

Nachricht vom 01.07.2020 | 20:42

Mutares SE & Co. KGaA: Mutares successfully closes the acquisition of the Italian postal market's Nexive business from PostNL

DGAP-News: Mutares SE & Co. KGaA / Key word(s): Takeover/Investment
01.07.2020 / 20:42
The issuer is solely responsible for the content of this announcement.

Mutares successfully closes the acquisition of the Italian postal market's Nexive business from PostNL

- Second largest player in the Italian postal market with revenues in 2019 of approx. EUR 213 million

- Mutares as majority stakeholder with 80%, PostNL maintains minority

- Platform investment strengthens Goods & Services segment

 

Munich, 1 July 2020 - Mutares (ISIN: DE000A2NB650) completes the acquisition of the majority stake in the Italian postal service Nexive. The transaction marks an asset purchase through a new joint venture between Mutares, with a stake of 80% and the former owner PostNL who obtains a minority interest of 20%.

Nexive operates countrywide in Italy and is the Top 2 player of the Italian market providing mail services to 80% of their households and parcel services to the entire Italian market. The company employs approximately 1,300 employees directly plus indirectly partners up with approx. 6,000 people through their sorting hubs and distribution channels.

In recent years, Nexive significantly expanded and developed its network and product portfolio through innovative services and solutions, by aspiring to become the ideal provider for mail and parcel logistics in terms of service, quality and price for its customers.

Mutares provides the frame for the support and repositioning of the company to further grow and develop the business as well as to enhance operational and administrative efficiency through its own consulting teams. Nexive strengthens the Mutares segment Goods & Services.

Company profile of 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 are listed on Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: DE000A2NB650).

For further information:

Mutares SE & Co. KGaA

Investor Relations

Phone +49 89 9292 7760

Email: ir@mutares.com

www.mutares.com

Contact Press

CROSS ALLIANCE communication GmbH

Susan Hoffmeister

Phone +49 89 1250 90330

Email: sh@crossalliance.de

www.crossalliance.de



01.07.2020 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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