Mutares SE & Co. KGaA

Regulatory Filings • Nov 14, 2018

News Details

Corporate | 14 November 2018 07:30

Mutares AG: New platform Gemini Rail Group launches performance improvement program

DGAP-News: Mutares AG / Key word(s): Private Equity/Miscellaneous

14.11.2018 / 07:30

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

---

Mutares AG: New platform Gemini Rail Group launches performance improvement program

• Knorr-Bremse RailServices UK and Kiepe Electric UK rebranded as Gemini Rail Group
• Gemini Rail Group starts off with already established position in the UK and Ireland
• Mutares’ operational experts and local management started to develop a comprehensive performance improvement program

Munich, November 14, 2018 – Following the successful completion of the acquisition of Knorr-Bremse RailServices UK (KBRS) and Kiepe Electric UK (Kiepe) by German investment group Mutares AG (ISIN: DE000A2NB650) at the beginning of November, both companies have now been rebranded. KBRS will now approach its markets as Gemini Rail Services UK and Kiepe as Gemini Rail Technology UK. Both companies form the newly established “Gemini Rail Group”, which represents a new platform in the Engineering & Technology segment of the portfolio of Mutares.

The rebranding of the companies is a vital part of the carve-out from the previous owner that has started beginning of November. In parallel, joint working groups of the Mutares consulting team and local management have identified four fields of action:

1. Definition of a new market strategy: adaptation of the product portfolio and identification of potential add-ons, development of a new corporate identity
2. Streamlining of processes: Optimization of processes along the entire value chain and realization of synergies
3. Optimization of liquidity and costs: Improvement of cash and working capital management, optimization of purchasing, operating costs and overhead
4. Completion of the carve-out: establishment of an independent IT infrastructure and integration of support functions

Based on these focus areas, the operational consultants at Mutares have started to partner with the local teams to develop a comprehensive performance improvement program and to implement first measures.

“The already strong market position of Gemini Rail Group in the UK and Ireland represents an ideal starting point for the excellent work of our operational experts. Together with local management and operational teams we have now started to adapt and implement our established Mutares performance improvement program. I am convinced that together, teams of Gemini Rail Group and Mutares will realize the optimal value potential of our new platform”, says Robin Laik, CEO of Mutares AG.

Company profile of Mutares AG

Mutares AG, Munich ( www.mutares.de ), acquires medium-sized companies and parts of groups that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company. The shares of Mutares AG are listed on Frankfurt Stock Exchange under the ticker symbol “MUX” (ISIN: DE000A2NB650).

For more information:

Mutares AG

Corinna Lumpp

Manager Investor Relations & Strategy

Tel. +49 89 9292776-0

Fax +49 89 9292776-22

ir@mutares.de

www.mutares.de

Contact press

CROSS ALLIANCE communication GmbH

Susan Hoffmeister

Tel.: +49 (0)89 89827227

E-Mail: sh@crossalliance.com

www.crossalliance.com

---

14.11.2018 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.dgap.de

---

Language:	English
Company:	Mutares AG
	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

End of News	DGAP News Service