{"id":24884,"date":"2017-12-14T07:00:10","date_gmt":"2017-12-14T06:00:10","guid":{"rendered":"https:\/\/mux.muppet-lab.dev\/mutares-sells-af-automationfordertechnik\/"},"modified":"2017-12-14T07:00:10","modified_gmt":"2017-12-14T06:00:10","slug":"mutares-sells-af-automationfordertechnik","status":"publish","type":"post","link":"https:\/\/mutares.com\/en\/mutares-sells-af-automationfordertechnik\/","title":{"rendered":"Mutares sells A+F Automation+F\u00f6rdertechnik"},"content":{"rendered":"<p class=\"intro\">Mutares (ISIN: DE000A0SMSH2) sells German A+F Automation+F\u00f6rdertechnik after successful turnaround to fund of industry partner CGS<\/p>\n<p>For more than 40 years, A+F is a leading manufacturer of high end and end-of-line packaging machines, based in Kirchlengern (Germany). Mutares has sold the company to a fund of industry partner CGS for a money multiple of 8.5 (total return) with a potential earn-out leading to a multiple of 10 by 2019.<\/p>\n<p>Mutares acquired A+F from German Oystar Group in November 2014 and put it back on track through a successful turn-around. With 160 employees, the company generated sales of around EUR 29 million in 2016. CEO Robert Roiger and the management team welcome the transaction and look forward to driving A+F\u2019s further development.<\/p>\n<p>Robin Laik, CEO of Mutares, comments: &#8220;A+F is a perfect showcase of a successful turn-around. Mutares has managed to bring the company back to profitable growth, hereby confirming the Mutares approach. We see CGS as a perfect partner to accompany the next growth phase of A+F. With this exit, Mutares is well on its way to achieving our ambitious goals. The Board of Mutares expects further transactions in the coming months. &#8221;<\/p>\n<p>Robert Roiger, CEO of A+F: &#8220;Mutares has been a perfect partner for A+F during its development so far. With CGS, we have now found a strong new partner for the next step and look forward to taking it with CGS and for the benefit of our customers.&#8221;<\/p>\n<p>Thomas Anderegg, Managing Partner of CGS: &#8220;A+F as a highly specialized, established packaging machine manufacturer perfectly matches our market focus and industry expertise. Following the successful return to profitable growth under Mutares, we are now taking over and will focus, jointly with the management, on further international expansion through strategic add-on acquisitions in key markets.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mutares (ISIN: DE000A0SMSH2) sells German A+F Automation+F\u00f6rdertechnik after successful turnaround to fund of industry partner CGS For more than 40 years, A+F is a leading manufacturer of high end and end-of-line packaging machines, based in Kirchlengern (Germany). Mutares has sold the company to a fund of industry partner CGS for a money multiple of 8.5 [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[347],"tags":[],"class_list":["post-24884","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.3 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mutares sells A+F Automation+F\u00f6rdertechnik - Mutares SE &amp; Co. KGaA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mutares.com\/en\/mutares-sells-af-automationfordertechnik\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mutares sells A+F Automation+F\u00f6rdertechnik\" \/>\n<meta property=\"og:description\" content=\"Mutares (ISIN: DE000A0SMSH2) sells German A+F Automation+F\u00f6rdertechnik after successful turnaround to fund of industry partner CGS For more than 40 years, A+F is a leading manufacturer of high end and end-of-line packaging machines, based in Kirchlengern (Germany). Mutares has sold the company to a fund of industry partner CGS for a money multiple of 8.5 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mutares.com\/en\/mutares-sells-af-automationfordertechnik\/\" \/>\n<meta property=\"og:site_name\" content=\"Mutares SE &amp; Co. KGaA\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-14T06:00:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mutares.com\/wp-content\/uploads\/2026\/02\/mutares-social-icon.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"WordPress Service\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Mutares1\" \/>\n<meta name=\"twitter:site\" content=\"@Mutares1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"WordPress Service\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mutares.com\/en\/mutares-sells-af-automationfordertechnik\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/mutares.com\/en\/mutares-sells-af-automationfordertechnik\/\"},\"author\":{\"name\":\"WordPress Service\",\"@id\":\"https:\/\/mutares.com\/en\/#\/schema\/person\/527b9edd6203a78e0e954c0f8e84fe69\"},\"headline\":\"Mutares sells A+F Automation+F\u00f6rdertechnik\",\"datePublished\":\"2017-12-14T06:00:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mutares.com\/en\/mutares-sells-af-automationfordertechnik\/\"},\"wordCount\":307,\"publisher\":{\"@id\":\"https:\/\/mutares.com\/en\/#organization\"},\"articleSection\":[\"Press Releases\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mutares.com\/en\/mutares-sells-af-automationfordertechnik\/\",\"url\":\"https:\/\/mutares.com\/en\/mutares-sells-af-automationfordertechnik\/\",\"name\":\"Mutares sells A+F Automation+F\u00f6rdertechnik - Mutares SE &amp; Co. KGaA\",\"isPartOf\":{\"@id\":\"https:\/\/mutares.com\/en\/#website\"},\"datePublished\":\"2017-12-14T06:00:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/mutares.com\/en\/mutares-sells-af-automationfordertechnik\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mutares.com\/en\/mutares-sells-af-automationfordertechnik\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mutares.com\/en\/mutares-sells-af-automationfordertechnik\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\/\/mutares.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mutares sells A+F Automation+F\u00f6rdertechnik\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mutares.com\/en\/#website\",\"url\":\"https:\/\/mutares.com\/en\/\",\"name\":\"Mutares\",\"description\":\"Listed Private Equity Special Situations Investor\",\"publisher\":{\"@id\":\"https:\/\/mutares.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mutares.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/mutares.com\/en\/#organization\",\"name\":\"Mutares SE & Co. KGaA\",\"url\":\"https:\/\/mutares.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/mutares.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/mutares.com\/wp-content\/uploads\/2022\/02\/mutares-logo-1.svg\",\"contentUrl\":\"https:\/\/mutares.com\/wp-content\/uploads\/2022\/02\/mutares-logo-1.svg\",\"width\":\"1030\",\"height\":\"1030\",\"caption\":\"Mutares SE & Co. KGaA\"},\"image\":{\"@id\":\"https:\/\/mutares.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/Mutares1\",\"https:\/\/de.linkedin.com\/company\/mutares-ag\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/mutares.com\/en\/#\/schema\/person\/527b9edd6203a78e0e954c0f8e84fe69\",\"name\":\"WordPress Service\",\"sameAs\":[\"https:\/\/muppet-lab.com\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Mutares sells A+F Automation+F\u00f6rdertechnik - Mutares SE &amp; Co. KGaA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mutares.com\/en\/mutares-sells-af-automationfordertechnik\/","og_locale":"en_GB","og_type":"article","og_title":"Mutares sells A+F Automation+F\u00f6rdertechnik","og_description":"Mutares (ISIN: DE000A0SMSH2) sells German A+F Automation+F\u00f6rdertechnik after successful turnaround to fund of industry partner CGS For more than 40 years, A+F is a leading manufacturer of high end and end-of-line packaging machines, based in Kirchlengern (Germany). Mutares has sold the company to a fund of industry partner CGS for a money multiple of 8.5 [&hellip;]","og_url":"https:\/\/mutares.com\/en\/mutares-sells-af-automationfordertechnik\/","og_site_name":"Mutares SE &amp; Co. KGaA","article_published_time":"2017-12-14T06:00:10+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/mutares.com\/wp-content\/uploads\/2026\/02\/mutares-social-icon.jpg","type":"image\/jpeg"}],"author":"WordPress Service","twitter_card":"summary_large_image","twitter_creator":"@Mutares1","twitter_site":"@Mutares1","twitter_misc":{"Written by":"WordPress Service","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mutares.com\/en\/mutares-sells-af-automationfordertechnik\/#article","isPartOf":{"@id":"https:\/\/mutares.com\/en\/mutares-sells-af-automationfordertechnik\/"},"author":{"name":"WordPress Service","@id":"https:\/\/mutares.com\/en\/#\/schema\/person\/527b9edd6203a78e0e954c0f8e84fe69"},"headline":"Mutares sells A+F Automation+F\u00f6rdertechnik","datePublished":"2017-12-14T06:00:10+00:00","mainEntityOfPage":{"@id":"https:\/\/mutares.com\/en\/mutares-sells-af-automationfordertechnik\/"},"wordCount":307,"publisher":{"@id":"https:\/\/mutares.com\/en\/#organization"},"articleSection":["Press Releases"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/mutares.com\/en\/mutares-sells-af-automationfordertechnik\/","url":"https:\/\/mutares.com\/en\/mutares-sells-af-automationfordertechnik\/","name":"Mutares sells A+F Automation+F\u00f6rdertechnik - Mutares SE &amp; Co. KGaA","isPartOf":{"@id":"https:\/\/mutares.com\/en\/#website"},"datePublished":"2017-12-14T06:00:10+00:00","breadcrumb":{"@id":"https:\/\/mutares.com\/en\/mutares-sells-af-automationfordertechnik\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mutares.com\/en\/mutares-sells-af-automationfordertechnik\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/mutares.com\/en\/mutares-sells-af-automationfordertechnik\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/mutares.com\/en\/"},{"@type":"ListItem","position":2,"name":"Mutares sells A+F Automation+F\u00f6rdertechnik"}]},{"@type":"WebSite","@id":"https:\/\/mutares.com\/en\/#website","url":"https:\/\/mutares.com\/en\/","name":"Mutares","description":"Listed Private Equity Special Situations Investor","publisher":{"@id":"https:\/\/mutares.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mutares.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/mutares.com\/en\/#organization","name":"Mutares SE & Co. KGaA","url":"https:\/\/mutares.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/mutares.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/mutares.com\/wp-content\/uploads\/2022\/02\/mutares-logo-1.svg","contentUrl":"https:\/\/mutares.com\/wp-content\/uploads\/2022\/02\/mutares-logo-1.svg","width":"1030","height":"1030","caption":"Mutares SE & Co. KGaA"},"image":{"@id":"https:\/\/mutares.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/Mutares1","https:\/\/de.linkedin.com\/company\/mutares-ag"]},{"@type":"Person","@id":"https:\/\/mutares.com\/en\/#\/schema\/person\/527b9edd6203a78e0e954c0f8e84fe69","name":"WordPress Service","sameAs":["https:\/\/muppet-lab.com"]}]}},"_links":{"self":[{"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/posts\/24884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/comments?post=24884"}],"version-history":[{"count":0,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/posts\/24884\/revisions"}],"wp:attachment":[{"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/media?parent=24884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/categories?post=24884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/tags?post=24884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}