Fifth exit in 2024: Mutares has signed an agreement to sell MobiLitas to Saniva for a purchase price in the single-digit million range

Munich, October 1, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to sell MobiLitas to Saniva, a local successful entrepreneur, for an equity purchase price in the single million digit range. After the successful repositioning of MobiLitas, Mutares is now focusing on the core business of GoCollective in Denmark, which is also part of the Mutares portfolio as a provider of multimodal public transport.

MobiLitas is a Serbian-based provider of public, regional, and international transport services with accompanying services in tourism and personnel transport. Operating in Belgrade and Požarevac, Serbia, the company employs around 500 people and generated revenues of approx. EUR 26 million in 2023. Over the past year, MobiLitas transported more than 32 million passengers across 18 million kilometers.

After the acquisition in May 2023, the company was successfully repositioned as a recognised and autonomous market player in the Serbian public transportation. Following the successful repositioning of its legacy loss-making contracts, the company is now focusing on strengthening its operation in the Požarevacareas as well as diversifying its strategy towards sustainability and mobility concepts.

Johannes Laumann, CIO of Mutares, comments: “We are pleased to announce the sale of our portfolio company MobiLitas. The new owner Saniva is a successful entrepreneur with proven expertise in the public transport service sector, providing infrastructure for ticketing and fare as well as last mile transportation concept. I am confident that the company will continue to develop successfully under their new leadership.”