Mutares SE & Co. KGaA

M&A Activity • Nov 2, 2020

Mutares successfully completes the acquisition of the German Metallurgie Business from Nexans

Mutares successfully completes the acquisition of the German Metallurgie Business from Nexans

New platform strengthens the Engineering & Technology segment

- High synergies with existing portfolio

- Leading oxygen free copper drawing manufacturer for diversified industries with

automotive focus with approx. EUR 120 million expected revenues in 2020

- The company now operates under Lacroix + Kress GmbH

Munich, 02 November, 2020 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650)

has successfully completed the acquisition of the German Metallurgie Business

of Nexans. The company with manufacturing locations in Bramsche and

Neunburg, Germany is now operating under the name Lacroix + Kress GmbH.

The German based company employs approximately 250 employees at its two

manufacturing sites and serves major first and second tier customer bases for the

automotive industry, white goods and general industrial applications. In 2020 the

company expects revenues of approx. EUR 120 million.

As a new platform investment Lacroix + Kress fosters significant synergies across

segments for the existing portfolio company Plati and thus creates the opportunity to

accelerate growth potential and profitability in both companies.