First Exit in 2022: Mutares successfully sold BEXity to Raben Group

Munich, 28 February 2022 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully sold its subsidiary BEXity to Raben Group, one of Europe’s largest logistics companies based in the Netherlands.

BEXity is a leading logistics company in Austria and was acquired from Österreichische Bundesbahnen-Holding Aktiengesellschaft (ÖBB) in 2019. The company’s offering includes cross-border transport logistics in the general cargo and charter sectors as well as warehousing services. BEXity has a nationwide network in Austria with around 650 employees and generated revenues of approximately EUR 180 million in 2020.

Within only two years, the business of BEXity, which was loss-making at the time of the acquisition, was transformed with support of the Mutares team and led into sustainable profitability. The most important measures for the successful turnaround included the reorganization of the company, the repositioning on the market with the new BEXity brand and as a quality leader, the focus on profitable customer segments and process optimization. In addition, the subsidiary in the Czech Republic was already sold in April 2020 in order to focus entirely on the Austrian sites.

Johannes Laumann, CIO of Mutares, comments: “BEXity is the first exit for us this year and exceeds our target of a ROIC of 7-10. The transaction underlines Mutares’ expertise in acquiring carve-outs from large groups and successfully repositioning them as an independent company. With Raben Group, we have found the best possible owner for BEXity, who will continue to drive the growth and success of the company. This is just the beginning of a successful year in which we plan to increase the 2021 headline number.”

Raben Group is a provider of logistics services in the areas of national and international transport, contract logistics, air and sea transport, full load transport, intermodal transport and value-added services. Raben has branches in 14 European countries with over 10,000 employees and is one of BEXity’s most important international partners outside of Austria.