MUNICH: Mutares SE & Co. has signed an agreement to acquire Serneke Sverige AB from Serneke Group AB (publ). The company will strengthen the Engineering & Technology segment as a new Swedish platform investment. Closing of the transaction is subject to merger approval, FDI approval as well as FSR approval. Serneke Sverige is a leading…
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Mutares SE to acquire Cikautxo Rubber & Plastic Components
MUNICH: Mutares SE & Co. has signed an agreement to acquire Cikautxo Rubber & Plastic Components (Kunshan) Co., Ltd. from CIKAUTXO S.COOP. The company will join the SFC Group, part of Amaneos, as a new add-on investment, strengthening the group’s presence in the market as global partner for plastic-based systems for the automotive industry and…
Mutares has acquired FSL Ladenbau GmbH
MUNICH: Mutares SE & Co. has successfully completed the acquisition of FSL Ladenbau GmbH from shareholders Christian Füßer, Marion Füßer and Guido Krümpel. The transaction will strengthen the Ganter Group, a general contractor and expert in high-quality interior finishing, as a new add-on acquisition. Founded in 1973 and based in Westerstede, Germany, FSL Ladenbau is…
Mutares SE signs agreement to acquire Cimos d.d.
MUNICH: Mutares SE & Co. has signed an agreement to acquire Cimos d.d. and its subsidiaries from TCH S.r.L. The closing of the transaction is expected in the third quarter of 2022. The company will act as a key Eastern European platform for Mutares’ Automotive & Mobility segment with seven production plants across Slovenia, Croatia,…
Mutares SE acquires Sheffield Operations of Allegheny Technologies
MUNICH: Mutares SE & Co. has signed an agreement to acquire Sheffield Operations of Allegheny Technologies Incorporated (ATI). Rebranding of the entity as Special Melted Products Limited will follow, a bourse filing noted. This acquisition will strengthen the Engineering & Technology segment as a new platform investment. The closing of the transaction is expected by…
Mutares submits offer to acquire Vallourec Bearing Tubes
MUNICH: Mutares SE & Co. has signed a put option to acquire Vallourec Bearing Tubes (VBT) from Vallourec. The company will strengthen the Engineering & Technology segment as a new platform investment. The closing of the transaction is expected in the second quarter of 2022 after consultation of the works councils and subject to approval of the…
Mutares SE agrees to acquire Innomotive Systems Hainichen
MUNICH: Mutares SE & Co. has signed an agreement to acquire Innomotive Systems Hainichen GmbH from a Chinese state-controlled enterprise, a news release said. The company will strengthen Mutares’ Automotive & Mobility segment with production sites in Germany and China, with a total of around 450 employees and will be complementary to the KICO Group.…
Mutares SE sells 73.25% stake in STS Group AG
MUNICH: Mutares SE & Co. has successfully completed the sale of its 73.25% stake in STS Group AG, a news release said. The transaction with Adler Pelzer Group is already the third exit in the current year for Mutares and comprises the shares and the entire business operations of plastics and materials in Europe, China…
Mutares SE & Co. agrees to acquire Permasteelisa España
MUNICH: Mutares SE & Co. has signed an agreement to acquire Permasteelisa España from Permasteelisa Group, a news release said. The acquisition is an add-on investment for the existing portfolio company Donges Group and the first transaction for Mutares in Spain. The transaction is expected to close in the third quarter 2021. Permasteelisa España’s main…