Seventh exit in 2023: Mutares has successfully sold Plati Group to Accursia Capital

Munich, November 8, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has sold Plati Group to Accursia Capital.

Plati Group is a global supplier of wiring harnesses and cabling. Founded in 1973, the company has two production sites in Poland and Ukraine and a sales office in Italy, as well as excellent expertise in the manufacture of customized products for various industries such as automotive and consumer goods. In 2022, the company generated revenues of ca. EUR 22 million and employed more than 450 employees.

With the support of the Mutares team, the company was quickly and successfully repositioned following its acquisition from the Deren Group, in January 2019, with a focus on reducing loss-making products and improving work organization and productivity. Following the restructuring, the focus was placed on expanding sales markets and broadening the product portfolio.

Mark Friedrich, CFO of Mutares, comments: “After our implemented measures, the company is very well positioned for the future. We are pleased to have found an owner for Plati Group in Accursia Capital, who will ensure stability for employees and customers, continue the growth course and also leverage synergies with its own portfolio.”