Second acquisition in 2023: Mutares signed an agreement to acquire Efacec from the Portuguese State

• Third deal in Iberia and second platform acquisition in the region, strengthening the Engineering & Technology segment
• Provider of energy, engineering and mobility solutions

Munich, 23 June 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire Efacec from the Portuguese State (Participações Públicas (SGPS), S.A.) in the context of the re-privatization process launched in late 2022. The closing of the transaction is expected in Q3 2023.

Efacec is the leading Portuguese company specializing in the manufacture and delivery of critical equipment and solutions across the energy, engineering, and mobility segments. With a strong expertise around energy transition, the company is headquartered in Matosinhos with industrial facilities in Maia (Porto/Portugal), employing more than 2,000 people. With a global presence, Efacec delivers innovative technologies and high-quality products in energy systems, engineering services, and electric mobility infrastructure. With strong R&D capabilities, Efacec is at the forefront of technological advancements. Overall, Efacec is a renowned company poised to drive positive change in critical infrastructure within the energy transition and circular economy.

Efacec is a great fit to the Mutares portfolio as it will benefit from an excellent platform which will help channel value enhancing improvements, allowing the company to regain its leading position in the market and to recover its growth trajectory.

Johannes Laumann, CIO of Mutares comments: “We are very happy to announce our second acquisition in 2023. I am convinced that with our operational expertise and the ongoing trends in the energy sector, we can further build upon the company’s potential and bring it back on track to a sustainable growth path.”