Mutares has successfully completed the acquisition of Rasche Umformtechnik GmbH & Co. KG as add-on investment for PrimoTECS

• Provider of forged steel parts
• Add-on acquisition for PrimoTECS
• Target company with revenues of approx. EUR 30 million

 

Munich, 11 October 2021 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Rasche Umformtechnik GmbH & Co. KG from the private owners.

Rasche Umformtechnik GmbH & Co. KG is located in Plettenberg, Germany and generates approx. EUR 30 million in revenues. The company manufactures forged steel parts for, amongst others, the automotive, aviation and agriculture industries.

As add-on investment for PrimoTECS, the company will grant additional access into smaller series sizes with manual forging presses and further drive growth for the group. PrimoTECS will now grow to consolidated revenues of approx. EUR 150 million and can expand its customer network and product portfolio employing 180 people, following Mutares’ aggressive growth story and executed buy-and-build approach.