M&A Activity • Apr 9, 2009
M&A Activity
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Corporate | 9 April 2009 18:06
Mutares AG: mutares AG acquires Guss Komponenten GmbH, Austria
Mutares AG / Acquisition
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
Munich, April 9, 2009:
mutares AG, Munich, today acquired Guss Komponenten GmbH (GKG), Austria, a
specialised supplier of high-quality and security-relevant,
'Buderus'-branded casting components from Perusa.
Guss Komponenten GmbH (GKG), based in the Austrian city of Hall in Tyrol,
is a leading supplier of spheroidal graphite iron castings for the railway
and truck industry as well as for the construction sector. With 209
employees, GKG achieved sales of EUR 45 Mio. in 2008. mutares bought GKG
from Perusa Partners Fund 1, LP, which intends to put stronger focus on its
core business by this divestiture.
Dr. Axel Geuer and Mr. Robin Laik of mutares' executive board were 'excited
about adding a company with a clear growth potential and a diversified
customer base to the mutares-portfolio. Together with the team in Hall we
can tap the company's full potential and develop GKG towards a sustainably
successful supplier of casting components despite the currently challenging
environment.'
mutares AG, Munich (www.mutares.de), acquires midsized 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 stocks of mutares AG are being 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 (0)89 9292776-0
Fax: +49 (0)89 9292776-22
[email protected]
09.04.2009 Financial News transmitted by DGAP
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