Mutares successfully starts into 2019 with its first acquisition in Northern Europe Subsidiary Donges Group acquires Finnish Normek Oy as a strategic add-on to its steel construction and façade solutions business Donges Group increases annual turnover to around EUR 180 million Synergies and further increasing profitability expected at Donges Group Munich/Darmstadt (Germany), February 28, 2019 […]
Member of the Supervisory Board of Mutares AG appointed to the Management Board of the largest portfolio company Appointment of Dr. Ulrich Hauck as CFO of STS Group AG as of April 1, 2019 Resignation from the Supervisory Board of Dr. Ulrich Hauck as of March 31, 2019 Decision on the future composition of the […]
EUR 1.5 million project explores digitized idea and work management Focus is the involvement of employees in the introduction of new technologies Supported by the Universities of Trier, Bremen and Duisburg-Essen Dusseldorf, 7 December 2018 – The Balcke-Dürr Group, a subsidiary of Mutares AG (ISIN: DE000A2NB650), is one of three companies participating in the DIAMANT […]
Exit with positive purchase price Successful sale after holding period of three years Munich/Paris, 28 November 2018 – Mutares (ISIN: DE000A2NB650) has sold the portfolio company BSL Pipes & Fittings (BSL) to a Luxembourg investor. The parties have agreed not to disclose the positive purchase price. BSL, based in Soissons, France, has been a leading […]
Group revenues in the third quarter at EUR 182.5 million (Q2/2018: EUR 238.1 million) Group EBITDA at EUR 5.4 million (Q2/2018: EUR 25.0 million) Adjusted EBITDA at EUR 6.3m and YTD 09/2018 at EUR 15.7 million (YTD 06/2018: EUR 9.3 million) Management Board targets for 2018 at least one further transaction Munich, November 22, 2018 […]
Knorr-Bremse RailServices UK and Kiepe Electric UK rebranded as Gemini Rail Group Gemini Rail Group starts off with already established position in the UK and Ireland Mutares’ operational experts and local management started to develop comprehensive performance improvement program Munich, November 14, 2018 – Following the successful completion of the acquisition of Knorr-Bremse RailServices UK […]
New platform investment with total annual turnover of GBP 75 million (EUR 85 million) Product portfolio includes railway maintenance services and turnkey solutions Transaction marks entry into the UK market for Mutares Munich, November 1, 2018 – Mutares AG (ISIN: DE000A2NB650) has successfully closed the acquisition of Knorr-Bremse RailServices UK (KBRS) and Kiepe Electric Ltd. […]
Transaction provides for complimentary product range and engineering know-how Perimeter includes French service entity of STF and enables Balcke Dürr to enter French market Balcke Dürr Group continues to widen its footprint in the nuclear power generation space Munich/Magenta, October 16, 2018 – Balcke Dürr Group, a subsidiary of Mutares Group (DE000A2NB650), successfully completed the […]
Group sales of EUR 467.0 million (+14% compared to prior-year period) First-time reporting of the additional key performance indicator “Adjusted EBITDA” Management expectations already fulfilled and very good outlook confirmed for 2018 Munich, September 27, 2018 – Mutares AG (ISIN: DE000A2NB650) today published its report for the first half of fiscal year 2018. Group sales […]
Interview with Stephan Langer, Head of Bridge Construction at Donges Steeltec, a portfolio company of Mutares. Article from 8th September 2018: External Link