Mutares SE & Co. KGaA

M&A Activity • Feb 19, 2010

News Details

Corporate | 19 February 2010 11:45

Dräxlmaier Group sells its Decorative Design business to mutares AG

Mutares AG / Mergers & Acquisitions/Acquisition

19.02.2010 11:45

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mutares acquires the business unit Decorative Design including all its
sites and employees. Dräxlmaier Group refocuses on its core business.

Vilsbiburg/Bruchsal, 02/19/2010 - mutares AG, Munich, acquires Dräxlmaier
Group's Decorative Design activities (DDD) with effect as of March 1st,
2010. Decorative Design develops, manufactures and distributes trim parts
for the interior of passenger cars. The business unit occupies more than
1'000 employees at its German sites in Vilsbiburg and Bruchsal as well as
in Codlea/Romania. In 2009, sales were in the upper two-digit millions
range. As a consequence of this divestiture Dräxlmaier Group will further
strengthen its focus on its core businesses. 'After constructive
negotiations we are happy that we found mutares AG as a buyer who is
interested in the further development and value creation of this business
unit including all its sites and employees', says Hans Dick, CFO of
Dräxlmaier Group.

Among DDD's customers are the leading automotive OEMs (original equipment
manufacturer) of the industry's premium segment. As a specialist for
high-end and authentic surface designs made of wood, carbon or aluminum DDD
is an important technology partner for the design and production of luxury
passenger cars. Regarding DDD's future development, Dr. Axel Geuer, founder
and member of the executive board of mutares, says: 'The high standards of
DDD's production processes are an excellent basis to provide OEMs with
innovative solutions for all applications of trim parts in automobile
interiors. Our intention is to continue the operation with the existing
product portfolio at all sites. Hence, we are glad about the successful
signing of the contract.'

Dräxlmaier Group considers itself to be well prepared for the current
economic situation with its core businesses Electrical/Electronic and
Interior. Via the divestiture of its DDD business to mutares AG, Munich,
Dräxlmaier Group strengthens its focus on its core competences. The law
firm Gleiss Lutz, Munich, and the investment bank Metzler Corporate
Finance, Frankfurt am Main, supported Dräxlmaier Group in this transaction
as exclusive advisors. Both firms advised on the strategic realignment of
the business unit.

About mutares:

mutares AG, Munich, acquires midsized companies in whole and in part, which
are sold as a result of a repositioning process at their owners and which
exhibit a clear operational improvement potential. Getting engaged with
their own teams, mutares actively supports their portfolio companies to
generate a significant value increase. The focus of the operational work is
to ensure sustainable, long-term growth.

The stocks of mutares AG are listed at the Open Market segment of the
Frankfurt stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).

About Dräxmaier Group:

The name Dräxlmaier stands for automobile innovation.
Participating in the development of vehicles from the very first idea up to
just-in-sequence delivery, equipping them with modern electrical and
electronic components, elegant interiors or functionally integrated
systems/modules, all while continually inspiring the automotive world with
innovation - this overall ability is what differentiates and distinguishes
us as a systems partner.
As a future-oriented partner to the automobile industry, we assume
responsibility for the environment and concentrate on the development of
sustainable products. We focus on renewable raw materials, energy-efficient
light construction, and deliver compelling solutions for alternative drive
systems.

www.draexlmaier.com MOVING AHEAD THE AUTOMOTIVE FUTURE

For further information, we gladly receive your request at:

mutares AG

Susanne Staudt
Investor Relations & Corporate Communications
Tel: +49 89 9292776-0
Fax: +49 89 9292776-22
www.mutares.de
info@mutares.de

Dräxlmaier Group

Florian Anzeneder
Corporate Marketing
Tel.: +49- 8741- 47 2452

19.02.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
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