Mutares has completed the acquisition of the business of Buderus Edelstahl GmbH from the voestalpine AG

• New platform investment to strengthen the Engineering & Technology segment
• Renowned German manufacturer of high-quality special steels
• EUR 360 million in revenues generated in the fiscal year 2023/2024

Munich, February 3, 2025 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has completed the acquisition of the business of Buderus Edelstahl GmbH from the voestalpine AG. The company will strengthen the Engineering & Technology Segment of Mutares as a new platform investment.

Established in 1731, Buderus Edelstahl GmbH (“Buderus”) is a producer of high-quality special steels with a focus on tool steel, engineering steel, open-die forgings, closed-die forgings, hot-rolled strip, cold-rolled strip and rolled semi-finished products, which it supplies to a wide range of customers worldwide. In the segments tool steel and engineering steel, Buderus inherits a market-leading position and is known for premium high-quality products. The company’s well-diversified customer portfolio with around 350 active customers is spread through various industries and end markets, such as light vehicles, mechanical engineering, truck industry and wind power. With around 1,100 employees, the company generated revenues of approx. EUR 360 million in the fiscal year 2023/2024. Buderus operates in Wetzlar, Germany, in a highly industrialized production site with a maximum annual finishing capacity of ca. 360 kilotons.