Mutares signed fourth Buyside Transaction 2020 and acquires German Metallurgie Business from Nexans to strengthen existing Platform Plati

• Add-on acquisition for the Automotive & Mobility investment of Plati raises significant synergies in value stream
• Leading oxygen free copper drawing manufacturer for diversified industries with automotive focus with approx. EUR 260 million in (local GAAP) revenues in 2020
• Mutares reconfirms strong growth outlook for 2020 and delivers on promises and set strategy

Munich, 30 June, 2020 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) and Nexans (ISIN: FR0000044448) have signed an agreement on the acquisition of Nexans Metallurgie Deutschland GmbH (NMD) with manufacturing locations in Bramsche, Germany and Neunburg, Germany including approximately 250 employees.

The company is based in Germany and holds two manufacturing sites serving major first and second tier customer base for automotive, white goods and general industrial applications.

Together with the existing Plati Platform, the joint forces can now serve a broader value chain and consequently increase customer service and centricity. With its two manufacturing sites in Eastern Europe and the acquired raw material supply from NMD Plati’s growth will be accelerated and synergies in single digit millions can be realized.

„The foreseen transaction underlines Mutares approach of buy-and-build for stable, profitable businesses such as our Plati Group. The acquisition of NMD is a great opportunity to accelerate the growth and profitability of both companies and creates increased shareholder value”, says Johannes Laumann CIO of Mutares.