Fourteenth acquisition in 2023: Mutares has signed an agreement to acquire 83.08% equity of the TeamTex group from Nania Developpement and Crédit Mutuel Equity

• Manufacturer of child restraint systems, through plastic injection moulding and blow moulding
• Strengthening the Retail & Food segment as new platform
• Revenues of approx. EUR 80 million in 2022

Munich, November 29, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire 83.08% of TeamTex Management and its subsidiaries (“TeamTex”) from Nania Developpement and Crédit Mutuel Equity. The closing of the transaction is expected in Q4 2023, subject to the customary waiver of conditions and in particular the approval of relevant merger control authorities.

TeamTex is headquartered in Charvieu-Chavagneux, France, and manufactures child restraint systems (car seats and accessories) thanks to its plastic injection moulding and blow moulding capabilities. The company employs close to 250 employees, with manufacturing capacity of over 17,000 units per day. With sales points in over 56 countries, either directly or through local distributors, TeamTex is a leader in its industry generating revenues of approx. EUR 80 million in FY22. The company sells child restraint systems under its own brand NANIA, but also under private labels for some of its retail customers and importers or under licensing brands, such as Disney. With the establishment of subsidiaries in the United Kingdom and Brazil, TeamTex has oriented itself towards international markets.