Mutares has successfully completed the acquisition of Innomotive Systems Hainichen GmbH from a Chinese state-controlled company

• Supplier of door hinges for the automotive industry
• Target company with revenues of approx. EUR 120 million
• Numerous synergies with the portfolio company KICO GmbH

Munich, 29 September 2021 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Innomotive Systems Hainichen GmbH. The acquisition strengthens the Automotive & Mobility segment and has numerous synergies with the portfolio company KICO GmbH. “Especially these kinds of transactions we want to increase after a successful Capital Increase, as I am convinced that inorganic growth at existing portfolio companies accelerates Mutares Value Creation disproportionately,” comments Johannes Laumann, CIO of Mutares.

The company, with production sites in Germany and China, employs a total of around 450 people and generates revenues of approximately EUR 120 million. As leading supplier of aluminum hinges for automotive applications, Innomotive Systems Hainichen manufactures sophisticated and high-precision door hinges made of steel or aluminum as well as complex hinges for engine hoods, tailgates, and lids.