STS Acoustics secures a major order of over EUR 60m

STS Acoustics, a portfolio company of mutares AG (ISIN: DE000A0SMSH2) developing and producing acoustic components for the automotive industry, secures a major order with a contract volume of over EUR 60m for the new site in Poland. This achievement confirms again the successful strategy of mutares.

STS Acoustics develops and produces innovative solutions for acoustic and thermal insulation in the motor and passenger compartment of vehicles. The company operates out of three sites in Italy. As one of the leading providers, STS supplies well-known European truck manufacturers as well as the Italian car industry. In 2014, STS generated revenues of about EUR 120m and achieved an EBITDA of EUR 8m.

To exploit further growth potential, STS is currently building a new production site in Poland, which is planned to start operation in the second half of 2016. The strategic development of STS – made possible by the strong support of mutares – is going to increase the value of the company significantly. Securing this new major order is an encouraging confirmation of the strategy.

Company profile of mutares AG

mutares AG, Munich (www.mutares.de), acquires companies, that are being sold in the course of a repositioning process at their owners and that show a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to achieve a clear value increase. The focus of the operational work is to ensure sustainable, long-term growth. The shares of mutares AG are traded in the Open Market of the Frankfurt Stock Exchange (Entry Standard) under the symbol MUX (ISIN: DE000A0SMSH2).