Mutares has successfully completed the majority acquisition of BEW-Umformtechnik from Marigold Capital

• Add-on acquisition for Metals Group to strengthen the Automotive & Mobility segment
• Revenues of approx. EUR 55 million
• Forged parts manufacturer

Munich, 28 April 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of 87.5% in BEW-Umformtechnik GmbH from majority shareholder Marigold Capital and minority shareholder Markus Schramek.

The company is a manufacturer of highly stressed forgings, headquartered in Rosengarten, Germany. BEW employs around 160 people, generating revenues of approximately EUR 55 million, and covers the entire value chain from CAD design, tooling, material separation, forging, heat treatment and finishing to mechanical processing of the individual forged parts. BEW will be part of the Metals Group in the future and will create numerous synergies within the group, especially with PrimoTECS and Rasche Umformtechnik.