Mutares SE & Co. KGaA

M&A Activity • Apr 28, 2009

News Details

Corporate | 28 April 2009 16:33

mutares AG acquires SHH GmbH SystemHaus Hemminger GmbH

Mutares AG / Acquisition/Mergers & Acquisitions

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mutares AG, Munich, acquired on April 24, 2009, all shares of SHH GmbH
SystemHaus Hemminger, a leading provider of geographical information
systems for utility suppliers and big enterprises. Sellers are Stadtwerke
Leipzig, founder and previous CEO Eberhardt Hemminger, as well as the
regional utility suppliers Mark-E AG and Lister- und Lennekraftwerke GmbH.
SHH, based in Esslingen/ Neckar (Germany) provides software development and
consulting services and has branch offices in Berlin, Bochum, and Leipzig
and a subsidiary in Wroclaw (Poland).
SHH offers solutions to enable utility suppliers to cut cost and increase
effectiveness as well as efficiency of their network and asset management,
using standard software components and innovative technology. The company
provides their customers with integrated services as well as a wide
portfolio of software products including customizing projects.

Dr. Axel Geuer, member of the mutares executive board is optimistic about
the company's future. 'With their holistic approach in services, a focused
process view and strong project management skills, SHH is well positioned
for the future and will further expand its strong market position.' Michael
Ohr, director of portfolio development and expert for enterprise software
at mutares, added 'The market of geographical information systems has a
clear growth perspective. We are confident that we will be able to benefit
from this trend and are considering expanding our product offering into
related industries.'

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
info@mutares.de

28.04.2009 Financial News transmitted by DGAP