{"id":28726,"date":"2022-12-22T12:00:27","date_gmt":"2022-12-22T11:00:27","guid":{"rendered":"https:\/\/mutares.de\/?p=28726"},"modified":"2022-12-22T08:12:50","modified_gmt":"2022-12-22T07:12:50","slug":"mutares-has-signed-an-agreement-to-acquire-a-plant-of-an-automotive-supplier-in-bordeaux","status":"publish","type":"post","link":"https:\/\/mutares.com\/en\/mutares-has-signed-an-agreement-to-acquire-a-plant-of-an-automotive-supplier-in-bordeaux\/","title":{"rendered":"Mutares has signed an agreement to acquire a plant of an automotive supplier in Bordeaux"},"content":{"rendered":"<ul>\n<li>Acquisition includes Magna\u2019s plant in Bordeaux, producing high-quality gearboxes and is intended to strengthen the Automotive &amp; Mobility segment<\/li>\n<li>Revenues of approximately EUR 200 million<\/li>\n<li>Synergy effects expected with the subsidiaries of Mutares\u2019 Automotive &amp; Mobility segment focused on metal processing<\/li>\n<li>Closing expected in the first quarter of 2023<\/li>\n<\/ul>\n<p><strong>Munich, 22 December 2022 \u2013 <\/strong>Mutares SE &amp; Co. KGaA (ISIN: DE000A2NB650) has signed the Sale and Purchase Agreement for the acquisition of Magna\u2019s facility in Bordeaux, France, after signing a put option in September 2022 and after the finalization of the works council consultation. The facility manufactures and assembles manual transmissions for the automotive industry. The closing of the transaction, which is subject to certain conditions precedent, and the rebranding are expected in the first quarter of 2023.<\/p>\n<p>The plant, which is expected to generate revenues of around EUR 200 million in 2022, employs 740 people and has a long tradition of producing premium transmissions for the automotive industry.<\/p>\n<p>Following the acquisition of three plants in Germany in July 2021 under the new name LMS, this transaction underlines Mutares&#8217; competence, trustworthiness, and reliability under the best new owner principle. The Bordeaux plant produces full gear sets for\u00a0 gasoline and diesel vehicle applications and will further strengthen the Automotive &amp; Mobility segment of Mutares as it perfectly complements the portfolio companies CIMOS, PrimoTECS Group, KICO and ISH Group and brings deep expertise and capabilities in machining and assembly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Acquisition includes Magna\u2019s plant in Bordeaux, producing high-quality gearboxes and is intended to strengthen the Automotive &amp; Mobility segment Revenues of approximately EUR 200 million Synergy effects expected with the subsidiaries of Mutares\u2019 Automotive &amp; Mobility segment focused on metal processing Closing expected in the first quarter of 2023 Munich, 22 December 2022 \u2013 Mutares [&hellip;]<\/p>\n","protected":false},"author":9,"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-28726","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 signed an agreement to acquire a plant of an automotive supplier in Bordeaux - 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-signed-an-agreement-to-acquire-a-plant-of-an-automotive-supplier-in-bordeaux\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mutares has signed an agreement to acquire a plant of an automotive supplier in Bordeaux\" \/>\n<meta property=\"og:description\" content=\"Acquisition includes Magna\u2019s plant in Bordeaux, producing high-quality gearboxes and is intended to strengthen the Automotive &amp; Mobility segment Revenues of approximately EUR 200 million Synergy effects expected with the subsidiaries of Mutares\u2019 Automotive &amp; Mobility segment focused on metal processing Closing expected in the first quarter of 2023 Munich, 22 December 2022 \u2013 Mutares [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mutares.com\/en\/mutares-has-signed-an-agreement-to-acquire-a-plant-of-an-automotive-supplier-in-bordeaux\/\" \/>\n<meta property=\"og:site_name\" content=\"Mutares SE &amp; Co. 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