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Mutares SE & Co. KGaA

Regulatory Filings Jan 25, 2024

6316_rns_2024-01-25_b93f47ab-dba5-4336-b320-9c47c65a0503.html

Regulatory Filings

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Mutares positions newly formed HILO Group as system supplier of high-quality automotive technology

Mutares positions newly formed HILO Group as system supplier of high-quality automotive technology

Mutares positions newly formed HILO Group as system supplier of high-quality automotive technology

• HILO Group acts as new holding company for the global business of supplying hinge and locking systems for OEMs within the Mutares portfolio

• Global player with approx. EUR 350 million in revenues planned for the fiscal year 2024 and 1,500 employees at 10 locations worldwide

• Significant synergy potential in sales and increase of operational excellence while ensuring cost efficiency and competitive prices

Please see attached PDF to view the full announcement.

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