Sixth acquisition in 2024: Mutares has signed an agreement to acquire Cikautxo Rubber & Plastic Components (Kunshan) Co., Ltd. from CIKAUTXO S.COOP. 

• New add-on investment to strengthen the SFC Group, part of Amaneos
• Specialist in the development and production of rubber and plastic components for automotive and household appliance industries
•  First deal from Shanghai office right after the office opening

Munich, June 4, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire Cikautxo Rubber & Plastic Components (Kunshan) Co., Ltd. (“Cikautxo China”) from CIKAUTXO S.COOP. The company will join the SFC Group, part of Amaneos, as a new add-on investment, strengthening the group’s presence in the market as global partner for plastic-based systems for the automotive industry and the Automotive & Mobility segment of Mutares.

Established in 2011, Cikautxo China is a specialist in developing and producing rubber and plastic components for the automotive and household appliance industry. Its broad product range includes fluid-conducting, vibration-damping and sealing components, door seals, and inlet and outlet bellows for washing machines, which it supplies to a wide range of customers. In recent years, the company has developed long-term relationships with blue-chip automotive customers such as Daimler, Ford, Geely and Volvo and household appliance customers such as BSH and Haier. With around 130 employees, the company generated revenues of approx. EUR 13 million in 2023 with significant growth potentials. Cikautxo China operates in Kunshan, Jiangsu province, China.

With Cikautxo China, SFC Group gets a footprint that can serve immediately for the production of business already awarded in the past. The aim is to further expand the manufacturing footprint of SFC Group in Asia and provide better support to our existing customers and exploit new market opportunities as well. SFC Group offers fluid transfer systems, lightweight fluid products, and sealing solutions for the automotive industry. Amaneos is a global partner for automotive manufacturers based in Frankfurt am Main, Germany, with more than 30 sites worldwide and a network of manufacturing and development facilities.

Robin Laik, CEO of Mutares, comments: "With the acquisition of Cikautxo, we are further strengthening our Automotive & Mobility segment in the rubber and plastic components field for the automotive and household industry. This is the first deal that we executed in China shortly after the office opening in Shanghai and we see more opportunities here. China is one of the most interesting markets for Amaneos and SFC Group, as it is the fastest growing automotive market next to India and I am highly confident, that we can further expand the company’s market position and capitalize on the growth potential."

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.com), a listed private equity holding company with offices in Munich (HQ), Amsterdam, Bad Wiessee, Frankfurt, Helsinki, London, Madrid, Milan, Mumbai, Paris, Shanghai, Stockholm, Vienna and Warsaw, acquires companies in special situations which show significant operational improvement potential and are sold again after undergoing a repositioning and stabilization process. For the fiscal year 2024, consolidated revenues of EUR 5.7 billion to EUR 6.3 billion are expected. Based on this, consolidated revenues are to be expanded to approx. EUR 7 billion by 2025 and EUR 10 billion by 2028. As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding. On this basis, the Holding Company is expected to generate a net income of EUR 108 million to EUR 132 million for the fiscal year 2024, EUR 125 million to EUR 150 million for the fiscal year 2025 and EUR 200 million for the fiscal year 2028. The Management Board and Supervisory Board together hold more than one-third of all Mutares shares with voting rights. The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650) and have been part of the selection index SDAX since December 2023.

For more information, please contact:

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

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