Mutares has successfully sold its portfolio company Royal de Boer to Turntide Technologies

Munich, Amsterdam, 2 December 2022 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully sold its portfolio company Royal de Boer to Turntide Technologies, a United States-based innovator with a focus on technology and sustainability.

Royal de Boer has its headquarters and production facility in Leeuwarden, Netherlands, and was acquired from GEA Farm Technologies in 2020. The company is a manufacturer of barn equipment such as feed fences, cubicles, ventilation and manure systems, and has optimized its product mix as well as increased its overall efficiency while reducing costs since its acquisition by Mutares in 2020.

To further advance Royal de Boer’s ambitions, the sale to the global provider of technology solutions for environmental systems in agricultural facilities, the Turntide Technologies group, is the optimal next step.