Mutares SE & Co. KGaA

Regulatory Filings • Dec 19, 2019

News Details

Corporate | 19 December 2019 09:30

The year-end spurt has begun: Mutares acquires the Italian business of Tekfor Group and grows annualized by a further EUR 120 million

DGAP-News: Mutares SE & Co. KGaA / Key word(s): Private Equity/Takeover

19.12.2019 / 09:30

The issuer is solely responsible for the content of this announcement.

The year-end spurt has begun: Mutares acquires the Italian business of Tekfor Group and grows annualized by a further EUR 120 million

• Profitable manufacturer of high-quality automotive components with sales of EUR 120 million
• Company strengthens Automotive and Mobility segment as platform
• Ninth transaction in 2019 and first transaction in December

Munich/Milan, December 19, 2019 – The investment company Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire the Italian business of the Tekfor Group, a well-known manufacturer of automotive components. The transaction is expected to be completed in the first quarter of 2020.

The agreement between the Tekfor Group and Mutares includes the complete takeover of the Italian subsidiary Tekfor S.p.A. including two production sites in the Turin area. The company will strengthen the Automotive & Mobility portfolio segment as a new platform investment and follows the industry focus and growth-oriented investment strategy of the Mutares Group.

Tekfor S.p.A. is an established Tier 1 and Tier 2 supplier for the automotive and truck industry as well as related industries. At two locations in Northern Italy, the company produces components for use in electric, hybrid and conventional powertrains. The company generated sales of around EUR 120 million in the 2018 financial year and employs around 670 people.

“With the acquisition of the Italian business of the Tekfor Group as a platform investment, we are further developing our Automotive & Mobility segment. Mutares has enormous expertise and a successful track record in the automotive sector, which we look forward to building on with this acquisition. Especially in the current market situation, after careful selection, there are attractive purchase opportunities for Mutares in this segment, where we can make the difference with our experience and our operational approach”, explains Robin Laik, CEO and biggest shareholder of Mutares.

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich ( www.mutares.com ), acquires medium-sized companies and carve-outs from groups based in Europe, which are being sold as part of a repositioning and have significant potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and expert teams and by acquiring strategic add-ons. The aim is to achieve a significant increase in value with a focus on sustainable growth of the portfolio company. In fiscal year 2018, Mutares’ investments generated consolidated sales of EUR 865 million and employed more than 4,700 people worldwide. Mutares SE & Co. KGaA shares are traded on the Frankfurt Stock Exchange under the symbol “MUX” (ISIN: DE000A2NB650).

For further information:

Mutares SE & Co. KGaA

Corinna Lumpp

Manager Investor Relations & Strategy

Phone +49 89 9292 7760

Email: [ir@mutares.com

www.mutares.com](https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=467e773b2206aec0735fac03f31227e5&application_id=939807&site_id=news_data&application_name=news)

Contact Press

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19.12.2019 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:	ir@mutares.de
Internet:	www.mutares.de
ISIN:	DE000A2NB650
WKN:	A2NB65
Indices:	Scale 30
Listed:	Regulated Unofficial Market in Berlin, Frankfurt (Scale), Stuttgart, Tradegate Exchange
EQS News ID:	939807

End of News	DGAP News Service