Mutares to proceed with the acquisition of Walor International

LONDON, UK: Mutares SE & Co. KGaA has received the agreement from the creditors of Walor International to proceed with the acquisition of Walor International according to the communicated term sheet.

While this represents another important milestone towards a potential transaction, its successful realisation is still dependent on receiving the opinion of all of the company’s works councils and a waiver by the EU antitrust authorities.

In case of a successful acquisition, the company will strengthen the Automotive & Mobility segment as an add-on to the other metal parts manufacturing specialists (PrimoTECS Group Cimos and MMT-B). The acquisition is expected to be closed in Q2 2023.

Walor International is headquartered in Laval, France and employs more than 1,200 people generating over EUR 200 million in revenues. The company is a European leader in manufacturing forged and machined steel parts, offering a comprehensive range of products for powertrain, steering systems, body-in-white and passive safety applications for passenger cars.

Walor benefits from an extensive industrial footprint focused on France but is also present in Germany, Romania, Mexico and China and leverages a comprehensive range of forging, machining and turning technologies.

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