{"id":25064,"date":"2021-09-29T14:30:19","date_gmt":"2021-09-29T12:30:19","guid":{"rendered":"https:\/\/mux.muppet-lab.dev\/mutares-has-successfully-completed-the-acquisition-of-innomotive-systems-hainichen-gmbh-from-a-chinese-state-controlled-company\/"},"modified":"2021-09-29T14:30:19","modified_gmt":"2021-09-29T12:30:19","slug":"mutares-has-successfully-completed-the-acquisition-of-innomotive-systems-hainichen-gmbh-from-a-chinese-state-controlled-company","status":"publish","type":"post","link":"https:\/\/mutares.com\/en\/mutares-has-successfully-completed-the-acquisition-of-innomotive-systems-hainichen-gmbh-from-a-chinese-state-controlled-company\/","title":{"rendered":"Mutares has successfully completed the acquisition of Innomotive Systems Hainichen GmbH from a Chinese state-controlled company"},"content":{"rendered":"<ul>\n<li>Supplier of door hinges for the automotive industry<\/li>\n<li>Target company with revenues of approx. EUR 120 million<\/li>\n<li>Numerous synergies with the portfolio company KICO GmbH<\/li>\n<\/ul>\n<p><strong>Munich, 29 September 2021 <\/strong>\u2013 Mutares SE &amp; Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Innomotive Systems Hainichen GmbH. The acquisition strengthens the Automotive &amp; Mobility segment and has numerous synergies with the portfolio company KICO GmbH. &#8220;Especially these kinds of transactions we want to increase after a successful Capital Increase, as I am convinced that inorganic growth at existing portfolio companies accelerates Mutares Value Creation disproportionately,&#8221; comments Johannes Laumann, CIO of Mutares.<\/p>\n<p>The company, with production sites in Germany and China, employs a total of around 450 people and generates revenues of approximately EUR 120 million. As leading supplier of aluminum hinges for automotive applications, Innomotive Systems Hainichen manufactures sophisticated and high-precision door hinges made of steel or aluminum as well as complex hinges for engine hoods, tailgates, and lids.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Supplier of door hinges for the automotive industry Target company with revenues of approx. EUR 120 million Numerous synergies with the portfolio company KICO GmbH Munich, 29 September 2021 \u2013 Mutares SE &amp; Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Innomotive Systems Hainichen GmbH. The acquisition strengthens the Automotive &amp; Mobility segment [&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-25064","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 has successfully completed the acquisition of Innomotive Systems Hainichen GmbH from a Chinese state-controlled company - 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-has-successfully-completed-the-acquisition-of-innomotive-systems-hainichen-gmbh-from-a-chinese-state-controlled-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mutares has successfully completed the acquisition of Innomotive Systems Hainichen GmbH from a Chinese state-controlled company\" \/>\n<meta property=\"og:description\" content=\"Supplier of door hinges for the automotive industry Target company with revenues of approx. EUR 120 million Numerous synergies with the portfolio company KICO GmbH Munich, 29 September 2021 \u2013 Mutares SE &amp; Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Innomotive Systems Hainichen GmbH. 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