Transaction-rich third quarter, Management Board confirms outlook for 2018

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 […]

New platform Gemini Rail Group launches performance program

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 […]

Mutares completes acquisition of Knorr-Bremse RailServices UK and Kiepe Electric Ltd.

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. […]

Subsidiary Balcke Dürr completes transaction to acquire selective assets of STF S.p.A.

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 […]

Mutares publishes half-year report 2018: Strong growth

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 Head of Bridge Construction of Donges Steeltec

Interview with Stephan Langer, Head of Bridge Construction at Donges Steeltec, a portfolio company of Mutares. Article from 8th September 2018: External Link

Mutares AG converts to registered shares

New ISIN DE000A2NB650 and GSIN A2NB65 valid as of today Changeover in shareholders’ securities accounts on the evening of 7 September 2018 Increased transparency and more direct communication with shareholders intended Munich, 6 September 2018 – Mutares AG, a Munich based, stock-listed industrial holding company focused on the acquisition and development of medium-sized companies with potential for […]

Subsidiary Zanders GmbH withdraws application for restructuring in self-administration

Zanders GmbH withdraws motion for debtor-in-possessions proceedings after the preliminary committee of creditors rejected the restructuring concept Since its acquisition by Mutares AG, Zanders GmbH has grown its turnover by an average of 12 percent per year Munich, August 31, 2018 – Mutares AG (ISIN: DE000A0SMSH2) announces that its subsidiary Zanders GmbH has today withdrawn […]

Mutares brings Dr. Lothar Koniarski and Dr. Axel Müller onto the Supervisory Board

Supervisory Board election held at Annual General Meeting on 20 July 2018 Supervisory Board expanded to five members New members Dr. Koniarski and Dr. Müller bring additional expertise Munich, 13 August 2018 – In line with the resolution to expand the Supervisory Board of Mutares AG (ISIN: DE000A0SMSH2), the Annual General Meeting of Mutares AG […]

Mutares expands into the UK with the foundation of Mutares UK

Establishing Mutares UK and opening of its London office marks the next milestone in Mutares Group’s successful international expansion that started with Mutares France and Mutares Italy.  Mutares UK established and office in London opened New country organization for covering activities in the UK and Nordics First UK transaction, the acquisition of Knorr-Bremse’s vehicle service […]