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Mutares SE & Co. KGaA
M&A Activity • Sep 1, 2020
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M&A Activity
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Corporate | 1 September 2020 08:55
Mutares SE & Co. KGaA: Mutares successfully completes the acquisition of SABO Maschinenfabrik from John Deere
DGAP-News: Mutares SE & Co. KGaA / Key word(s): Investment/Takeover
01.09.2020 / 08:55
The issuer is solely responsible for the content of this announcement.
Mutares successfully completes the acquisition of SABO Maschinenfabrik from John Deere
– Leading European manufacturer of lawnmowers and other outdoor power tools
– Strengthens the Goods & Services segment as a platform
Munich/Gummersbach, 01 September, 2020 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of SABO Maschinenfabrik from John Deere, which was signed in June 2020.
SABO Maschinenfabrik GmbH, one of Europe’s leading brands for high-quality hand-held lawnmowers and portable power tools, will strengthen the Goods & Services segment of Mutares’ portfolio as a new platform investment.
The company employs around 125 people at its production site in Gummersbach, Germany. Since its foundation in 1932, the SABO brand has been associated with the highest quality and reliability. The company will therefore continue to retain its brand ownership in the future.
SABO markets its products both to the end consumer via the in-house web store as well as to the specialized trade and public institutions such as municipalities or cities. Through the existing network, SABO works together with more than 1,100 specialized dealers as well as garden and landscape designers in Europe.
Company profile Mutares SE & Co. KGaA
Mutares SE & Co. KGaA, Munich (www.mutares.de), acquires medium-sized companies and parts of groups with headquarter in Europe that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company. In 2019, Mutares’ portfolio companies generated consolidated revenues of EUR 1,016 million and employed more than 6,500 people worldwide. The shares of Mutares SE & Co. KGaA are listed on Frankfurt Stock Exchange under the ticker symbol “MUX” (ISIN: DE000A2NB650 ).
For further information please contact us:
Mutares SE & Co KGaA
Investor Relations
Phone +49 89 9292 7760
email: [email protected]
Press contact
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone +49 89 125 09 0333
Email: [email protected]
www.crossalliance.com
01.09.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | Mutares SE & Co. KGaA |
| Arnulfstr.19 | |
| 80335 Munich | |
| Germany | |
| Phone: | +49 (0)89-9292 776-0 |
| Fax: | +49 (0)89-9292 776-22 |
| E-mail: | [email protected] |
| Internet: | www.mutares.de |
| ISIN: | DE000A2NB650 |
| WKN: | A2NB65 |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange |
| EQS News ID: | 1125787 |
| End of News | DGAP News Service |