Mutares SE & Co. KGaA

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

Nachricht vom 01.07.2020 | 14:25

Mutares SE & Co. KGaA: Mutares successfully completes the acquisition of certain seals and fluids activities from Cooper Standard

DGAP-News: Mutares SE & Co. KGaA / Key word(s): Investment/Takeover
01.07.2020 / 14:25
The issuer is solely responsible for the content of this announcement.

Mutares successfully completes the acquisition of certain seals and fluids activities from Cooper Standard

- New platform acquisition strengthens the Automotive & Mobility segment (2019: revenues of approx. EUR 180 million)

- Leading supplier of Rubber Fluid Transfer Systems (AGV) for the automotive and specialty industries in Poland, Italy, Spain and India

- Significant synergy potential with the Elastomer Group

- New branding as SFC Solutions

Munich, 1 July 2020 - Mutares SE & Co KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of certain Cooper Standard activities in Poland, Italy, Spain and India. With the completion of the acquisition, the company will operate under the new name SFC Solutions.

SFC Solutions employs around 2,500 employees at six locations in Europe and seven production sites in India and achieved revenues of approximately EUR 180 million in 2019. The company, which is divided into three product divisions, manufactures rubber fluid transfer systems, specialty sealing products and sealing solutions for the world's leading automotive manufacturers.

Both, the product portfolio and the customer environment offer enormous synergy potential with the Elastomer Solutions Group. Robin Laik, CEO of Mutares, comments: "We are convinced that with our operational experts in the Automotive & Mobility segment, our industry know-how and the existing portfolio in this segment, we can achieve the successful turnaround of the company. The potential that SFC Solutions offers us fits perfectly with our investment approach and can be further increased in value in the future through our buy-and-build strategy."

 

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 please contact us:

Mutares SE & Co. KGaA
Investor Relations
Phone: +49 89 9292 7760
Email: ir@mutares.com
www.mutares.com

Press contact
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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