Mutares has successfully completed the acquisition of Siemens Energy Engines S.A.U. and related assets

• Strengthening the Engineering & Technology segment
• Leading manufacturer of gas and diesel engines with significant global installed base
• Great operational and strategic potential

Munich, 2 November 2022 – A vehicle owned and managed by Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Siemens Energy Engines S.A.U. and related assets (“Siemens Energy Engines”). This new platform acquisition strengthens the Engineering & Technology segment and will operate under the new name Guascor Energy.

Headquartered in the Spanish Basque Country, Guascor Energy is a manufacturer of gas and diesel engines for power generation, cogeneration, waste-to-energy and marine uses. The company supplies customized niche solutions to an international customer base and is well positioned to benefit from trends such as stationary power generation, decarbonization and decentralization of the oil and gas as well as energy markets. The engine business, which marked the first platform acquisition in Spain, employs around 270 people worldwide and offers a best-in-class product portfolio with two complementary engine platforms for customers around the world.