MUNICH: Mutares SE & Co. KGaA has completed the acquisition of Primetals Technologies France from Primetals Technologies, Ltd.

The company will from now on operate under the new name Clecim France. Clecim France is a leading global supplier of high-end steel processing line solutions based in Savigneux, France.

With close to 250 employees, efficient production methods and strategically relevant certifications, Clecim provides services and solutions for the iron and steel industry, which is the key supplier of the automotive, construction, and energy sectors.

With approx. EUR 55 million in revenues, the acquisition is strengthening the Engineering & Technology segment as new platform investment. Mutares is expecting synergy potential with the rest of the portfolio.

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Mutares SE & Co. KGaA has also completed the acquisition of the Ericsson Services Italia S.p.A. from Ericsson Telecomunicazioni S.p.A.

The company will from now on operate under its new name EXI S.p.A..EXI is headquartered in Rome, Italy and employs more than 260 people. The company will strengthen the Goods & Services segment as new platform investment with revenues in 2019 of approx. EUR 45 million. It is a leading provider of Information and Communication Technology (ICT) to service providers.

The main clients are the Italian Telecommunications players. “We are confident to provide an ideal and strong platform to expand and implement EXI’s successful future strategy. We want to establish the company to be a builder of the new digital society: a world with better quality of service, higher productivity and new opportunities,” comments Johannes Laumann, CIO of Mutares.

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Mutares SE & Co. KGaA, Munich, as a listed private equity holding company with offices in Munich (HQ), Frankfurt, 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. www.mutares.de