MUNICH: Mutares SE & Co. has successfully completed the acquisition of Innomotive Systems Hainichen GmbH.
The acquisition strengthens the Automotive & Mobility segment and has numerous synergies with the portfolio company KICO GmbH.
“Especially these kinds of transactions we want to increase after a successful Capital Increase, as I am convinced that inorganic growth at existing portfolio companies accelerates Mutares Value Creation disproportionately,” comments Johannes Laumann, CIO of Mutares.
The company, with production sites in Germany and China, employs a total of around 450 people and generates revenues of approximately EUR 120 million.
As leading supplier of aluminum hinges for automotive applications, Innomotive Systems Hainichen manufactures sophisticated and high-precision door hinges made of steel or aluminum as well as complex hinges for engine hoods, tailgates, and lids.
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 significant 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 operations teams as well as through acquisitions of strategic add-ons.