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MarketScreener Homepage  >  Equities  >  Xetra  >  Mutares SE & Co. KGaA    MUX   DE000A2NB650

MUTARES SE & CO. KGAA

(MUX)
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Mutares SE & Co. KGaA: Mutares acquires GEA Farm Technologies Japy SAS and Royal De Boer

11/04/2020 | 10:06am EST

DGAP-News: Mutares SE & Co. KGaA / Key word(s): Takeover/Investment
Mutares SE & Co. KGaA: Mutares acquires GEA Farm Technologies Japy SAS and Royal De Boer

04.11.2020 / 16:06
The issuer is solely responsible for the content of this announcement.


Mutares acquires GEA Farm Technologies Japy SAS and Royal De Boer

- Eighth acquisition for Mutares in the current year

- Target companies with total revenues of around EUR 50 million in the area of cooling tanks and barn equipment

- Strengthening of the Engineering & Technology segment through a new platform

- Closing of the transaction expected in Q4 2020

Munich, 04 November 2020 - Mutares SE & Co KGaA (ISIN: DE000A2NB650) and GEA Group Aktiengesellschaft (ISIN: DE0006602006) have signed an agreement to acquire GEA Farm Technologies Japy SAS and Royal De Boer Stalinrichtingen B.V. with production sites in France and the Netherlands, with a total of around 230 employees. The closing of the transaction is expected by the end of December 2020.

GEA Farm Technologies Japy SAS is headquartered in Dijon, France and is a leading manufacturer of milk cooling tanks in Europe. The products vary in size, design and application. They offer cooling tanks for smaller dairy farms and total solutions with additional options and components for larger farms. In 2019 the company achieved revenues of approximately EUR 20 million.

Royal De Boer Stalinrichtingen B.V. is a leading manufacturer of barn equipment based in Leeuwarden, the Netherlands, and complements the product portfolio in the dairy market. The product portfolio includes feed fences, cubicles, ventilation and manure systems. In 2019, the company with its approximately 115 employees generated revenues of around EUR 30 million.

Both companies will remain in their units and will be placed under a newly created intermediate holding company of Mutares. In this way, the significant synergy potential of the transaction can be leveraged efficiently and value can be added. In line with its buy-and-build strategy, Mutares is consistently exploiting the opportunities in a significantly recovering investment market. This is impressively documented by the acquisition of Japy SAS and Royal De Boer. For Mutares this is already the eighth acquisition in the current year. The transaction strengthens Mutares' good market position, underlines the high efficiency of its processes and its claim to be a valued partner of German medium-sized companies.

Company profile Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.de), as a listed private equity holding company with offices in Munich (HQ), Frankfurt, Helsinki, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires medium-sized companies and parts of larger groups with headquarters in Europe that show a clear potential for operational improvement and are sold again after undergoing a repositioning and stabilization process. 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 ROIC (Return on Invested Capital) of 7 to 10 times on the total investment with a focus on sustainable growth of the portfolio companies. In 2019, Mutares SE & Co. KGaA generated consolidated revenues of approx. EUR 1.0 billion employing more than 6,500 people worldwide. Mutares is strongly committed to a sustainable dividend policy consisting of a base dividend and a performance dividend, which has been stable above 10% yield in the past years. The shares of Mutares SE & Co. KGaA are listed on the 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: ir@mutares.de

www.mutares.de

Press contact

CROSS ALLIANCE communication GmbH

Susan Hoffmeister

Phone +49 89 125 09 0333

Email: sh@crossalliance.com

www.crossalliance.com

 



04.11.2020 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.
Archive at www.dgap.de


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: ir@mutares.de
Internet: www.mutares.de
ISIN: DE000A2NB650
WKN: A2NB65
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1145405

 
End of News DGAP News Service

1145405  04.11.2020 

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© EQS 2020
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Financials
Sales 2020 1 685 M 2 035 M 2 035 M
Net income 2020 58,9 M 71,1 M 71,1 M
Net Debt 2020 198 M 239 M 239 M
P/E ratio 2020 8,89x
Yield 2020 7,28%
Capitalization 241 M 291 M 291 M
EV / Sales 2020 0,26x
EV / Sales 2021 0,21x
Nbr of Employees 12 500
Free-Float 58,3%
Chart MUTARES SE & CO. KGAA
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Mutares SE & Co. KGaA Technical Analysis Chart | MUX | DE000A2NB650 | MarketScreener
Technical analysis trends MUTARES SE & CO. KGAA
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 22,33 €
Last Close Price 15,80 €
Spread / Highest target 51,9%
Spread / Average Target 41,4%
Spread / Lowest Target 26,6%
EPS Revisions
Managers and Directors
NameTitle
Robin Laik Chief Executive Officer
Volker Rofalski Chairman-Supervisory Board
Mark Friedrich Chief Financial Officer
Micha Bloching Member-Supervisory Board
Lothar Koniarski Member-Supervisory Board
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