Seventh acquisition in 2024: Mutares has signed an agreement to acquire fischer automotive systems GmbH & Co. KG from fischerwerke GmbH & Co. KG
- New platform investment to strengthen the Automotive & Mobility segment
- Expansion into China and the USA pays off
- Automotive supplier of kinematic components and high-quality system solutions for vehicle interiors and exteriors
- Revenues of approx. EUR 166 million in 2023
Munich, June 5, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire fischer automotive systems GmbH & Co KG (fischer Automotive) from fischerwerke GmbH & Co KG. The company will strengthen the Automotive & Mobility segment as a new platform investment. The transaction is expected to be completed by the end of July 2024 and is subject to regulatory approvals.
Fischer Automotive develops, produces and sells kinematic components for vehicle interiors and exteriors, such as air vents, storage compartments, cup holders and electrically operated tailgates. The company manufactures and develops the products at its headquarters in Horb am Neckar, Germany, in a state-of-the-art development center and research laboratory, as well as in other plants in the Czech Republic (Ivanovice na Hané and Holubice), Serbia (Jagodina), China (Taicang) and the USA (Auburn Hills), giving the company a global presence at all major production sites in the automotive industry. With around 1,200 employees, the company generated revenues of approx. EUR 166 million in 2023. Thanks to its extensive expertise in plastics processing and its global subsidiaries, fischer Automotive has well-established relationships and direct access to a strong customer base, including well-known OEMs such as Audi, BMW and Tesla as well as Tier 1 suppliers such as Faurecia and Magna.
Robin Laik, CEO of Mutares, comments: “With the acquisition of fischer Automotive, we are strengthening our Automotive & Mobility segment in the field of plastics processing and further expanding our global presence in Europe, China and the USA. The international expansion of the Mutares Group is clearly paying off. I am very confident that we will be able to capitalize on the company’s growth potential and achieve strategic improvements through our extensive know-how in the automotive sector and close relationships with key players in this field.”