|
EQS-News: Mutares SE & Co. KGaA
/ Key word(s): Investment/Takeover
Fourteenth acquisition in 2024: Mutares has signed an agreement to acquire the assets of S.M.A. Metalltechnik GmbH & Co. KG and its subsidiaries
Munich, October 24, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire the assets of S.M.A. Metalltechnik GmbH & Co. KG and its subsidiaries. The company will join the SFC Group as a new add-on investment, strengthening SFC’s product capabilities and customer portfolio. The transaction is expected to close in Q4 2024. Headquartered in Backnang, Germany, S.M.A. Metalltechnik specialises in development and manufacturing of highly impermeable aluminium pipes, particularly for cooling media used in automotive applications, such as interior climate control and battery cooling. In addition to Germany, the Group has manufacturing facilities in South Africa, Romania and China. In recent years, the company has established long-term relationships with blue-chip automotive customers. With around 1,500 employees worldwide, the company is expected to generate around EUR 160 million in revenue in 2025. With the acquisition of S.M.A Metalltechnik and its expertise in climate control and thermal management solutions, SFC Group completes its product offering in fluid transfer systems, further strengthening its position in the market. The transaction will also enhance existing customer relationships and provide access to a broader, high-quality customer base. SFC Group offers fluid transfer systems, lightweight fluid products, and sealing solutions for the automotive industry. Johannes Laumann, CIO of Mutares, comments: "With the acquisition of S.M.A Metalltechnik, we are further strengthening our Automotive & Mobility segment in the area of highly impermeable pipes. This strategic add-on represents another step for SFC Group towards being the preferred provider of advanced, sustainable, and innovative sealing and fluid solutions for customers worldwide and we’re looking forward to the implementation of operational improvements using Mutares’ best practices."
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, Chicago, 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 Press Contact in Germany Press Contact in France Press Contact in UK
24.10.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| 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: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2014661 |
| End of News | EQS News Service |
|
|
2014661 24.10.2024 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
