Mutares successfully completed the acquisition of Primetals Technologies France S.A.S. from Primetals Technologies, Ltd.

• Strengthening the Engineering & Technology segment
• Supplier of high-end steel processing line solutions
• Company with revenues of approx. EUR 55 million

 

Munich/Paris, 1 April 2021 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Primetals Technologies France from Primetals Technologies, Ltd. The company will from now on operate under the new name Clecim France.

Clecim France is a leading global supplier of high-end steel processing line solutions based in Savigneux, France. With close to 250 employees, efficient production methods and strategically relevant certifications, Clecim provides services and solutions for the iron and steel industry, which is the key supplier of the automotive, construction, and energy sectors.

With approx. EUR 55 million in revenues, the acquisition is strengthening the Engineering & Technology segment as new platform investment. Mutares is expecting synergy potential with the rest of the portfolio.