Mutares has successfully completed the acquisition of SELZER Group from INDUS
- Add-on acquisition to strengthen the FerrAl United Group
- Supplier of ready-to-install metallic components and assemblies for the automotive industry & industrial applications
- Revenues of ca. EUR 130 million planned for 2025
Munich, September 4, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of SELZER Group from INDUS. As an add-on acquisition, the SELZER Group will further strengthen the FerrAl United Group, a multinational supplier for multi-material machined solutions and systems, combining the Mutares portfolio companies PrimoTECS Group (including Rasche Umformtechnik and BEW Umformtechnik), Cimos, Walor Bordeaux (Manufacturing Mobility of Tomorrow – Bordeaux) and most recently the acquisition of the forging business in Germany of CIE Automotive signed in August 2023.
Headquartered in Driedorf-Roth, Germany, the company employs around 440 employees. At four locations in Germany and abroad, SELZER Group develops and produces ready-to-install metallic components and assemblies for the automotive industry, such as gears, brakes and engines, as well as industrial applications, which are manufactured in high-quality series production and distributed to leading OEMs.
Mutares plans to accelerate the growth of SELZER Group by redesigning the operational structures and processes and positioning the company as an assembly specialist. Based on the high order backlog and the lean and cost-efficient group structure, the Mutares team will be able to realize the company’s growth potential and exploit synergy effects within the FerrAl United Group.