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Mutares SE & Co. KGaA
M&A Activity • Oct 8, 2018
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M&A Activity
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Corporate | 8 October 2018 13:12
Mutares AG: Subsidiary Donges SteelTec completes transaction to acquire Kalzip Group
DGAP-News: Mutares AG / Key word(s): Miscellaneous
08.10.2018 / 13:12
The issuer is solely responsible for the content of this announcement.
Mutares AG: Subsidiary Donges SteelTec completes transaction to acquire Kalzip Group
– Sales increase of Donges SteelTec to over EUR 100 million annually
– Extension of the product range with roof and facade solutions
– Positioning of the Donges Group as a full-service provider
Munich/Darmstadt, October 8, 2018 – Donges SteelTec, a subsidiary of Mutares Group (DE000A2NB650), successfully completed the acquisition of the Kalzip Group from Tata Steel Europe last week. Annual Sales of the Donges Group increases to approx. EUR 110 million as a result of the transaction, the number of employees to more than 400. The Group has locations in Germany, France, Spain, Italy, England, Singapore, India and Dubai.
The combined product portfolio of Donges and Kalzip comprises steel bridges for road, rail and footway construction, engineering and industrial steel construction for buildings, as well as aluminium roof and facade solutions for new projects or refurbishments.
Recent reference projects include the Danube Bridge in Linz, the launch table for the Ariane 6 rocket for ESA, the roof refurbishment of Wembley Stadium in London and the partial construction of the logistics and ferry terminal in Lübeck.
“With Kalzip, we are proud to have acquired an incubator in product diversity and market that strengthens the Donges Group in the long term and creates the basis for international growth,” says Johannes Laumann, Managing Director of Donges SteelTec GmbH. The technically high-quality products and solutions of the Kalzip Group fit perfectly into Donges SteelTec’s product portfolio and will enable the Donges Group to act as a total supplier in the future.
Company profile
Mutares AG, Munich ( www.mutares.de ), acquires companies that are being sold in the course of a repositioning process at their owners and that show a clear operational improvement potential. Getting engaged with its own teams, Mutares actively supports its portfolio companies to achieve a clear value increase. The focus of the operational work is to ensure sustainable, long-term growth. 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
Email [email protected]
Contact press:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel. +49 89 827227
Email [email protected]
08.10.2018 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: | [email protected] |
| 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 |