Mutares has completed the sale of NEM Energy Group to Hyundai Heavy Industries Power Systems (“HPS”)

  • NEM Energy Group is a leading global OEM supplier of heat transfer technology
  • Mutares has successfully repositioned NEM into an independent and profitable platform after a complex carve-out in less than four years
  • NEM Energy Group is ready for next growth phase under HPS ownership with a significant order backlog and large pipeline ahead in the market
  • Exit delivers significant contribution to guidance for the current fiscal year
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Mutares completes the acquisition of TREPEL Airport Equipment GmbH and MAFI Transport-Systeme GmbH from NDW Maschinenbau Holding GmbH

  • Global providers of ground support equipment and heavy-duty terminal tractors under the TREPEL and MAFI brands
  • Broad product portfolio with leading positions in cargo high loaders, aircraft tractors and terminal tractor systems
  • Strong international footprint with operations in more than 115 countries and over 50 service partners
  • Revenues of approx. EUR 150 million strengthening the Infrastructure & Defense segment
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Mutares has acquired AmeriTerpenes LLC, the US Terpene Ingredients business of Symrise

  • Leading U.S.-based producer of natural terpene-based ingredients
  • Revenues of approximately USD 200 million
  • Additional platform in the Chemicals & Materials segment
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