Mutares successfully closed the acquisition of three exteriors plants from Magna in Germany

• Strengthening the Automotive & Mobility segment
• Leading supplier of plastic exterior trim parts for the automotive industry
• Three exteriors plants with revenues of approx. EUR 360 million

Munich, 2 July 2021 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully closed the acquisition of three exteriors plants from Magna. The company will from now on operate under its new name Light Mobility Solutions (“LMS”). LMS is a global supplier of plastic exteriors and systems whose products include fascias, grilles, rocker and side panels, spoilers, and other exterior trim parts for the leading Automotive OEMs.

Headquartered in Obertshausen the company employs around 1,700 people at its three production sites and two additional satellite sites and generates revenues of approx. EUR 360 million. The company has established itself as a well-known supplier in the automotive sector directly delivering to the assembly lines of the OEMs by counting on a state-of-the-art injection moulding technology, painting, chroming, and assembly.