Mutares SE & Co. KGaA

M&A Activity • Mar 1, 2023

Company News

Mutares has successfully completed the acquisition of a plant of automotive supplier Magna in Bordeaux

• New platform acquisition to strengthen the Automotive & Mobility segment
• Manufacturer with a long tradition in the production of high-quality gearboxes
• Revenues of approx. EUR 200 million

Munich, 1 March 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Magna's facility in Bordeaux. The facility manufactures and assembles full transmissions for the automotive industry.

The plant in Bordeaux, France, has a long tradition of producing premium transmissions for the automotive industry and brings extensive capabilities and expertise in machining and assembly. It produces full gear sets for hybrid, gasoline and diesel vehicle applications and generated revenues of approximately EUR 200 million in 2022 with around 740 employees. The plant provides significant operational and strategic optimization potential, including synergy effects with the metal activities of Mutares' Automotive & Mobility segment which includes CIMOS, PrimoTECS Group, KICO and ISH Group.

Following the acquisition of three plants of Magna in Germany in July 2021, operating under the new name LMS, this acquisition underlines Mutares' competence, trustworthiness, and reliability under the best new owner principle.

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.com), as a listed private equity holding company with offices in Munich (HQ), Amsterdam, Frankfurt, Helsinki, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires medium-sized companies in special situations, based in Europe, which show significant operational improvement potential and are sold again after undergoing a repositioning and stabilization process. For the financial year 2022, consolidated revenues of approx. EUR 4 billion are expected. Based on this, consolidated revenues are to be expanded to approx. EUR 7 billion by 2025. As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding. Accordingly, a net profit in the holding company in the range of EUR 125 million to EUR 150 million is expected for the financial year 2025. The Management Board and Supervisory Board together hold more than one third of all Mutares shares with voting rights. The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650).

For more information, please contact:

Mutares SE & Co. KGaA Investor Relations Phone: +49 89 9292 7760 E-mail: ir@mutares.de www.mutares.de

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