Mutares SE & Co. KGaA

M&A Activity • Aug 24, 2009

News Details

Corporate | 24 August 2009 10:55

mutares AG acquires Diehl Elastomer Group

Mutares AG / Mergers & Acquisitions/Acquisition

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Today, mutares AG, Munich, acquires Diehl Elastomertechnik GmbH and its
subsidiaries from the Diehl Group, Nürnberg. Diehl Elastomer designs,
manufactures and distributes rubber components mainly for the automotive
industry and occupies 200 employees at locations in Germany, Portugal and
Slovakia. With this transaction the Diehl Group intends to focus more on
its core business.

Diehl Elastomer has established long-term relationships with major OEMs and
first-tier suppliers. With a strong focus on new technologies the company
plays an important role already during the design process of new cars.
Looking at the company's future Dr. Axel Geuer, founder and member of the
executive board of mutares, says: 'Diehl Elastomer can rely on their
profound technological capabilities resulting in an attractive economic
potential which we will build on and enlarge going forward. Therefore, we
are excited about the successful conclusion of this transaction with the
Diehl Group in Nürnberg.'

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
info@mutares.de

24.08.2009 Financial News transmitted by DGAP