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 […]
Mutares AG (ISIN: DE000A0SMSH2) has sold the French online retailer Grosbill to the founder of the company. Mutares AG has sold Grosbill to Luc Boccon-Gibod, the founder of the company. Being a French multi-channel retailer for consumer electronics, Grosbill operates an online platform as well as own retail stores. In 2015 the company had been […]
Mutares AG (ISIN: DE000A0SMSH2) has completed the acquisition of the truck supplier business of the Plastic Omnium Group. Through the integration with the STS Group, MUTARES creates a leading global truck supplier with a total turnover of EUR 400m and 2,700 employees in 16 plants. Mutares AG has completed the acquisition of the truck supplier […]
The STS Group, a portfolio company of Mutares AG (ISIN: DE000A0SMSH2), acquired a production facility in Betim, Brazil, from the Swiss Autoneum Group. This recent acquisition falls in line with STS’ growth strategy to further develop into a leading global supplier. STS has acquired a plant from Autoneum in Betim, Brazil, with 90 employees. […]
The Annual General Meeting of Mutares AG (ISIN: DE000A0SMSH2), which took place in Munich on May 19, 2017, approved all resolutions proposed by the management with large majority and approved the dividend payment of EUR 0.35 per share.
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