Ad-hoc: Mutares acquires Balcke-Dürr

Disclosure of an inside information according to Article 17 MAR

Mutares entered into an agreement to acquire the international equipment manufacturer Balcke-Dürr from SPX Corporation. Balcke-Dürr manufactures components for energy efficiency and the reduction of emissions in the chemical and power generating industry. With its experience of more than 130 years, the company offers groundbreaking solutions, ranging from standard modules to complete thermal systems. In 2015, the company generated revenues of EUR 142m with 650 employees. Headquartered in Germany, the company has engineering and production sites in Germany, Italy, Poland, Hungary, China, and India.

Balcke-Dürr will be part of Mutares’ engineering & technology segment in which Mutares experiences attractive market dynamics. Hence, Mutares will further invest in this segment and is convinced that Balcke-Dürr will be an ideal platform investment being a renowned brand in the industry. The acquisition is conditioned upon satisfaction of German competition filing requirements. The closing of the transaction is expected to take place before the end of the year.