Tenth acquisition in 2023: Mutares has successfully completed the acquisition of Walor International and its subsidiaries

• Next add-on investment for FerrAl United consolidating the activities of Mutares in the production of forged and machined steel parts in Europe
• Revenues of ca. EUR 240 million expected for the year 2023
• Provider of forged and machined parts for the automotive industry as well as industrial vehicles

Munich, October 31, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Walor International from its shareholders Lorinvest, BNP Paribas Développement and Sodero Gestion. The company will strengthen the Mutares Group’s strong presence in the production of metal parts for automotive OEMs and Tier-1 suppliers.

Walor International is headquartered in Laval, France, and employs more than 1,200 staff across 11 production sites worldwide. For the year 2023, revenues of ca. EUR 240 million are expected. The company is a European leader in manufacturing forged and machined steel parts, offering a comprehensive range of products for powertrain, steering systems, body-in-white and passive safety applications for passenger cars. Walor benefits from an extensive industrial footprint focused on France but is also present in Germany, Romania, Mexico and China and leverages a comprehensive range of forging, machining and turning technologies.