M&A Activity • Feb 4, 2010
M&A Activity
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Corporate | 4 February 2010 14:10
mutares AG acquires Fertigungstechnik Weißenfels GmbH (FTW)
Mutares AG / Acquisition/Mergers & Acquisitions
04.02.2010
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
mutares AG, Munich, acquires Fertigungstechnik Weißenfels GmbH (FTW) from
the Römheld Group, Laubach. FTW designs, manufactures and distributes
NC-controlled rotary tables for the machine tool industry. The company
occupies 90 employees at its Weißenfeld plant near Leipzig. With this
transaction the Römheld group intends to strengthen the focus on its core
business.
Among FTW's customers are the major machine tool manufacturers; their
machines for complex 3D-machining are equipped with components from FTW.
Being an engineering partner for its customers FTW provides comprehensive
solutions that can be flexibly integrated in the control and machining
concept of its customers' equipment. Dr. Axel Geuer, founder and member of
the executive board of mutares, says: 'Given its broad experience in the
direct drive technology FTW is very well positioned to benefit from the
recovering machine tool market. We are excited about the successful
conclusion of this transaction with the Römheld group.'
mutares AG, Munich (www.mutares.de), 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).
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
[email protected]
04.02.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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