Dusseldorf, Germany. Mutares AG’s (ISIN: DE000A0SMSH2) portfolio company Balcke-Dürr produces components to improve energy efficiency and reduce emissions for the energy sector and chemical industry and is part of the Mutares Group since December 2016. After having accomplished successfully the turnaround milestones in 2017, including the closure of a site and streamlining of production at […]
Mutares AG (ISIN: DE000A0SMSH2) has been included in the German Stock Exchange’s new selection index Scale 30. The company has qualified for inclusion as one of the most liquid securities in the scale segment on the Xetra and Frankfurt stock exchanges. As early as 2017, Mutares was a founding member of the Scale segment for […]
Mutares (ISIN: DE000A0SMSH2) subsidiary Balcke-Dürr Group signs an agreement to purchase Heat Transfer Product (HTP) Division of STF (“STF”) The strategic add-on acquisition broadens the product range and enhances the engineering know-how It will lead to an increased market share in the conventional and nuclear power sector The transaction is subject to approval of the […]
Mutares (ISIN: DE000A0SMSH2) wants to provide its shareholders with even greater transparency and adapts its reporting framework to the Group’s increasing internationalization. For this reason, the Group has decided to convert its financial reporting to IFRS (International Financial Reporting Standards) as of the financial year 2017. The consolidated financial statements for the fiscal year 2017 […]
Mutares (ISIN: DE000A0SMSH2) sells German A+F Automation+Fördertechnik after successful turnaround to fund of industry partner CGS For more than 40 years, A+F is a leading manufacturer of high end and end-of-line packaging machines, based in Kirchlengern (Germany). Mutares has sold the company to a fund of industry partner CGS for a money multiple of 8.5 […]
The Mutares Group (ISIN: DE000A0SMSH2) continued its growth track in the first nine months of 2017. The Group’s revenues increased significantly by 42 percent to EUR 668.6m and its operating earnings (EBITDA) rose by 75 percent to EUR 17.9m. The strong results are reflected by a further increase of NAV to EUR 322.0m. During the […]
Mutares (ISIN: DE000A0SMSH2) has acquired Donges Steeltec, one of Germany’s leading steel construction companies, from Mitsubishi Hitachi Power Systems Europe. Donges generates a turnover of EUR 36m with 200 employees. The business provides significant synergies with Balcke-Dürr, Mutares’ manufacturer of power plant components. Mutares has acquired Donges Steeltec from Mitsubishi Hitachi Power Systems Europe. Donges […]
Today, the Mutares Group (ISIN: DE000A0SMSH2) has published its Interim Report for the first half of 2017, which was driven by a high transaction activity and focused strategic developments across the entire group. Significant organic growth in revenues and a substantial increase in profitability have been achieved. During the first half of 2017, revenues of […]
Mutares (ISIN: DE000A0SMSH2) has sold the Geesinknorba Group to a Chinese green-tech fund. Geesinknorba is a leading European provider of technical solutions for waste collection. The company develops, produces and distributes innovative, high-quality refuse collecting vehicles and stationary presses. Mutares acquired the company in 2012. Mutares has sold Geesinknorba to the Chinese green-tech fund Firion […]
Mutares AG (ISIN: DE000A0SMSH2) has released a NAV of EUR 319.4m after the first half of 2017. The main driver was the “Automotive” segment. Mutares will release the NAV of its portfolio on a quarterly basis in order to increase transparency. The strongest driver for the NAV has been the “Automotive” segment, which benefitted considerably […]
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