Mutares: Supervisory Board member Dr. Ulrich Hauck becomes member of the Management Board of STS Group AG

Member of the Supervisory Board of Mutares AG appointed to the Management Board of the largest portfolio company Appointment of Dr. Ulrich Hauck as CFO of STS Group AG as of April 1, 2019 Resignation from the Supervisory Board of Dr. Ulrich Hauck as of March 31, 2019 Decision on the future composition of the […]

Press: Mutares below Value

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Balcke-Dürr receives funding from the Federal Ministry of Labour and Social Affairs of Germany

EUR 1.5 million project explores digitized idea and work management Focus is the involvement of employees in the introduction of new technologies Supported by the Universities of Trier, Bremen and Duisburg-Essen Dusseldorf, 7 December 2018 – The Balcke-Dürr Group, a subsidiary of Mutares AG (ISIN: DE000A2NB650), is one of three companies participating in the DIAMANT […]

Mutares sells BSL Pipes & Fittings

Exit with positive purchase price Successful sale after holding period of three years Munich/Paris, 28 November 2018 – Mutares (ISIN: DE000A2NB650) has sold the portfolio company BSL Pipes & Fittings (BSL) to a Luxembourg investor. The parties have agreed not to disclose the positive purchase price. BSL, based in Soissons, France, has been a leading […]

Transaction-rich third quarter, Management Board confirms outlook for 2018

Group revenues in the third quarter at EUR 182.5 million (Q2/2018: EUR 238.1 million) Group EBITDA at EUR 5.4 million (Q2/2018: EUR 25.0 million) Adjusted EBITDA at EUR 6.3m and YTD 09/2018 at EUR 15.7 million (YTD 06/2018: EUR 9.3 million) Management Board targets for 2018 at least one further transaction Munich, November 22, 2018 […]

New platform Gemini Rail Group launches performance program

Knorr-Bremse RailServices UK and Kiepe Electric UK rebranded as Gemini Rail Group Gemini Rail Group starts off with already established position in the UK and Ireland Mutares’ operational experts and local management started to develop comprehensive performance improvement program Munich, November 14, 2018 – Following the successful completion of the acquisition of Knorr-Bremse RailServices UK […]

Mutares completes acquisition of Knorr-Bremse RailServices UK and Kiepe Electric Ltd.

New platform investment with total annual turnover of GBP 75 million (EUR 85 million) Product portfolio includes railway maintenance services and turnkey solutions Transaction marks entry into the UK market for Mutares Munich, November 1, 2018 – Mutares AG (ISIN: DE000A2NB650) has successfully closed the acquisition of Knorr-Bremse RailServices UK (KBRS) and Kiepe Electric Ltd. […]

Subsidiary Balcke Dürr completes transaction to acquire selective assets of STF S.p.A.

Transaction provides for complimentary product range and engineering know-how Perimeter includes French service entity of STF and enables Balcke Dürr to enter French market  Balcke Dürr Group continues to widen its footprint in the nuclear power generation space Munich/Magenta, October 16, 2018 – Balcke Dürr Group, a subsidiary of Mutares Group (DE000A2NB650), successfully completed the […]

Mutares AG: Subsidiary Donges SteelTec completes transaction to acquire Kalzip Group

Sales increase of Donges SteelTec to over EUR 100 million annually Extension of the product range with roof and facade solutions Positioning of the Donges Group as a full-service provider Munich/Darmstadt, October 8, 2018 – Donges SteelTec, a subsidiary of Mutares Group (DE000A2NB650), successfully completed the acquisition of the Kalzip Group from Tata Steel Europe […]