Mutares successfully completes the acquisition of the Engineering Services from Valmet Automotive Inc.

• Strengthening the Automotive & Mobility segment
• Company with revenues of around EUR 56 million in 2019
• High synergy potential for existing Mutares portfolio
• The company now operates under the new name iinovis

 

Munich, 13 November 2020 – Mutares SE & Co KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of the Engineering Services segment of the Finnish automotive supplier Valmet Automotive Inc. The company will from now on operate under the new name iinovis.

The company will strengthen the Automotive & Mobility segment as a new platform investment with revenues of approximately EUR 56 million and employs more than 600 highly qualified and well-trained engineers and technicians at its five locations in Germany. In addition, the company operates a test track in Spain.

Valmet Automotive Engineering is a leading automotive engineering service provider with expertise in key growth areas such as simulation, testing, electrics/electronics and vehicle development (cars & motorcycles). In addition to engineering services for OEMs and Tier 1 suppliers, the company is also active in prototype and small series production as well as in the production of wiring harnesses.