Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

MUTARES SE & CO. KGAA

(MUX)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Mutares SE & Co. KGaA: Seventh Buyside Transaction in 2020: Mutares acquires the Engineering Services Business Line from Valmet Automotive Inc.

10/13/2020 | 06:50am EST

DGAP-News: Mutares SE & Co. KGaA / Key word(s): Takeover/Investment
Mutares SE & Co. KGaA: Seventh Buyside Transaction in 2020: Mutares acquires the Engineering Services Business Line from Valmet Automotive Inc.

13.10.2020 / 12:50
The issuer is solely responsible for the content of this announcement.


Seventh Buyside Transaction in 2020: Mutares acquires the Engineering Services Business Line from Valmet Automotive Inc.

- Leading Engineering Service Provider for the automotive industry which provides significant synergy potential for the existing portfolio of Mutares

- Sixth platform investment in 2020 strengthens the Automotive & Mobility segment

- Acquired business with approx. EUR 56 million in revenues in 2019

Munich, 13 October 2020 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement on the acquisition of the Engineering Services Business Line from the Finnish automotive supplier Valmet Automotive Inc. (ISIN: FI4000074984). The activities comprise five sites in Germany as well as one location in Spain. The closing of the transaction is expected for the fourth quarter of 2020.

The acquired business provides engineering services to the automotive industry and serves both major OEMs as well as Tier 1 suppliers. Its services include engineering solutions in key growth areas of vehicle development (for cars and motorcycles) and electrics/electronics, simulation and testing services as well as prototyping and small series manufacturing. In 2019, the business generated revenues of approximately EUR 56 million.

The transaction will strengthen the Automotive & Mobility segment of Mutares and is expected to provide significant synergies with existing portfolio companies benefitting from the strong engineering know-how and capabilities of the acquired business.

Johannes Laumann, CIO of Mutares, comments: "We are excited to welcome the Engineering Services Business of Valmet Automotive in the Automotive & Mobility segment of our portfolio. The company is well established in the European automotive industry and has terrific employees, whom I want to especially welcome to the Mutares family. I believe that Mutares, with its industry expertise, operational experience and track record in turnaround situations, is the optimal pick as new owner for sustainability and improvement of customer satisfaction and to drive further value-adding serviceability."

Company profile Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.com), 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: ir@mutares.com
www.mutares.com

Press contact
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone +49 89 125 09 0333
Email: sh@crossalliance.com
www.crossalliance.com



13.10.2020 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: 1140310

 
End of News DGAP News Service

1140310  13.10.2020 

fncls.ssp?fn=show_t_gif&application_id=1140310&application_name=news&site_id=zonebourse_sftp

© EQS 2020
All news about MUTARES SE & CO. KGAA
01/04PRESS RELEASE : Mutares SE & Co. KGaA: Mutares successfully completes the acquis..
DJ
01/04MUTARES SE & CO. KGAA : Mutares successfully completes the acquisition of Japy T..
EQ
2020Mutares, HomeServe France Agree to Take Over Carglass Maison from Belron
MT
2020PRESS RELEASE : Mutares SE & Co. KGaA: Mutares accelerates its growth by signing..
DJ
2020MUTARES SE & CO. KGAA : Mutares accelerates its growth by signing a binding offe..
EQ
2020Mutares Enters Talks To Buy Primetals Technologies' French Unit
MT
2020MUTARES SE & CO. KGAA : Ninth expected buy-side acquisition in 2020: Mutares mak..
EQ
2020PRESS RELEASE : Mutares SE & Co. KGaA: Ninth expected buy-side acquisition in 20..
DJ
2020MUTARES SE & CO. KGAA : Balcke-Dürr Group sells Balcke-Dürr Rothemühle to Howden..
EQ
2020PRESS RELEASE : Mutares SE & Co. KGaA: Balcke-Dürr Group sells Balcke-Dürr Rothe..
DJ
More news
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
Duration : Period :
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
Buy
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
Sector and Competitors
1st jan.Capitalization (M$)
MUTARES SE & CO. KGAA0.64%291
HONEYWELL INTERNATIONAL INC.-3.16%144 526
SIEMENS AG1.92%115 735
GENERAL ELECTRIC COMPANY4.91%99 249
3M COMPANY-5.29%95 493
ILLINOIS TOOL WORKS INC.-0.34%64 314