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Mutares SE & Co. KGaA
M&A Activity • Sep 29, 2021
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M&A Activity
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Corporate | 29 September 2021 16:30
Mutares has successfully completed the acquisition of Innomotive Systems Hainichen GmbH from a Chinese state-controlled company
DGAP-News: Mutares SE & Co. KGaA / Key word(s): Investment/Takeover
29.09.2021 / 16:30
The issuer is solely responsible for the content of this announcement.
Mutares has successfully completed the acquisition of Innomotive Systems Hainichen GmbH from a Chinese state-controlled company
- 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 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Innomotive Systems Hainichen GmbH. The acquisition strengthens the Automotive & Mobility segment and has numerous synergies with the portfolio company KICO GmbH. “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,” comments Johannes Laumann, CIO of Mutares.
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.
Company profile of Mutares SE & Co. KGaA
Mutares SE & Co. KGaA, Munich (www.mutares.de), as a listed private equity holding company with offices in Munich (HQ), Frankfurt, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires medium-sized companies and parts of larger groups with headquarters in Europe that show significant potential for operational improvement and are sold again after undergoing a repositioning and stabilization process. Mutares actively supports and develops its portfolio companies with its own investment and operations teams as well as through acquisitions of strategic add-ons. With a focus on sustainable growth of the portfolio companies, the objective is to achieve a significant increase in value with a ROIC ( return on invested capital) of 7 to 10 times on the total investment. In the financial year 2020, Mutares generated consolidated annual revenues of around EUR 1.6 billion with more than 12,000 employees worldwide in the Group. For the financial year 2021, consolidated revenues of at least EUR 2.4 billion are already expected. Based on this, consolidated revenues are to be expanded to at least EUR 5 billion by 2023. Mutares is strongly committed to a sustainable dividend policy consisting of a base dividend and a performance dividend. The shares of Mutares SE & Co. KGaA are listed on the Frankfurt Stock Exchange under the ticker symbol “MUX” (ISIN DE000A2NB650 ).
For more information, please contact:
Mutares SE & Co. KGaA
Investor Relations
Phone +49 89 9292 7760
E-mail: [email protected]
Contact Press
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone +49 89 125 09 0333
E-mail: [email protected]
Contact for press inquiries in France
CLAI
Gaëtan Commault – [email protected] / +33 06 99 37 65 64
Dorian Masquelier – [email protected] / +33 07 77 26 24 57
29.09.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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| Language: | English |
| Company: | Mutares SE & Co. KGaA |
| Arnulfstr.19 | |
| 80335 Munich | |
| Germany | |
| Phone: | +49 (0)89-9292 776-0 |
| Fax: | +49 (0)89-9292 776-22 |
| E-mail: | [email protected] |
| Internet: | www.mutares.de |
| ISIN: | DE000A2NB650 |
| WKN: | A2NB65 |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1236755 |
| End of News | DGAP News Service |