Mutares has successfully completed the acquisition of Steyr Motors Betriebs GmbH and Steyr Motors Immo GmbH

• Strengthening the Engineering & Technology segment
• Active in the area of development and production of engines for special purpose applications

Munich, 30 November 2022 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Steyr Motors Betriebs GmbH and Steyr Motors Immo GmbH from Thales Austria GmbH.

Steyr Motors is headquartered in Steyr, Austria, and currently employs around 130 people. The company specializes in the development and production of high-performance engines and auxiliary electric power units for special purpose applications in vehicles and boats. The high-performance engines that Steyr Motors manufactures are based on state-of-the-art technology and the company has a strong innovation pipeline. Steyr Motors aims to achieve sustainable growth through continuous further development of the products and expansion of the service offerings.