Munich, September 13, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has sold SABO-Maschinenfabrik GmbH to SABO Holding GmbH.
SABO-Maschinenfabrik GmbH is one of the leading brands of high-quality lawn mowers and garden care products for private and commercial customers in Europe. Since 1932, the company has been producing in Gummersbach, Germany.
After the acquisition in September 2020, the company was quickly and successfully repositioned with the support of the Mutares operations team, focusing on expanding into new markets and tapping into the growth market of battery-powered lawn mowers and garden equipment. In just one year, the company was able to achieve significant, profitable growth. The company’s distribution network of more than 1,400 specialist dealers in Germany, Austria, Belgium, the Netherlands, Switzerland and Slovakia was further expanded and SABO developed from a local to a European market player.
Johannes Laumann, CIO of Mutares, comments: “The transformation of SABO is a good example of how successful the cooperation with the Mutares operations team can be without changing the identity of a traditional brand. After successful restructuring in a very short period of time, we were able to achieve our target return with SABO. The transfer to SABO Holding GmbH with the participation of the current management is the ideal solution to combine continuity and experience with the innovative power of a well-positioned independent brand supplier.”