Second exit in 2024: Mutares has successfully sold iinovis Group to Accursia Capital

Munich, May 8, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully sold its portfolio company iinovis Group to Accursia Capital.

iinovis, headquartered in Munich, Germany, is a automotive and industrial engineering service provider. The company generated revenues of approx. EUR 33 million in 2023 and employs over 350 employees at four sites in Germany, a testing site in Spain and one development center in India. The company’s core expertise lies in the areas of simulation, testing, electrics/electronics and vehicle development for cars and motorcycles. In addition to engineering services, the company is also active in prototyping as well as small series production and in the production of wire harnesses.

After the acquisition in 2020 from Valmet Automotive, the company was successfully carved out of a corporate structure and positioned as an independent entity and brand in the automotive sector.

Robin Laik, CEO of Mutares, comments: “After three years in our portfolio, iinovis is now in a position where it can leverage its expertise in innovative engineering services and benefit from the increasing demand from OEMs, particularly in the development area of E-Mobility under the new owner.”