News
Mai 29, 2013
mutares closes the sale of HIB Trim Part Solutions Group
On May 28th 2013 the sale of mutares’ portfolio company, HIB Trim Part Solutions group, to NBHX Trim GmbH was completed after all closing conditions including the approval of the German antitrust authority have been fulfilled. The Sale Purchase Agreement had already been signed on April 24th.
mutares AG, Munich (www.mutares.de), acquires midsized companies in whole and in part, which are sold as a result of a repositioning process at their owners and which exhibit a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to generate a significant value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The stocks of mutares AG are listed at the Open Market segment of the Berlin stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information, we gladly receive your request at:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel: +49 89 9292776-0
Fax: +49 89 9292776-22
April 26, 2013
mutares divests HIB Trim Part Solutions Group
mutares AG, Munich, has signed an agreement with NBHX Trim Gmbh, Heilsbronn, about the sale of HIB-Trim Part Solutions group on April 24, 2013. HIB-Trim Part Solutions is a leading supplier of interior components for passenger cars located in Bruchsal and Altdorf, Germany, as well as in Codlea, Romania.
The company is an important technology partner for the development and manufacturing of interior components for luxury vehicles. HIB’s customer base consists of leading OEMs from the premium segment of the automotive industry.
mutares AG acquired HIB Trim Part Solutions in February 2010 from the Dräxlmaier group and successfully repositioned the company. During the past years HIB received several new orders from major OEMs; with approximately 1’350 employees the group reached sales of € 80 million in 2012.
The sale to NBHX will open up new business opportunities for HIB-Trim Part Solutions. NBHX views the acquisition of HIB-Trim Part Solutions as an attractive complementary add-on to its existing business. The transaction will be retroactively effective as of January 1, 2013 and is still subject to the approval of antitrust authorities.
mutares AG, Munich (www.mutares.de), acquires midsized companies in whole and in part, which are sold as a result of a repositioning process at their owners and which exhibit a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to generate a significant value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The stocks of mutares AG are listed at the Open Market segment of the Berlin stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information, we gladly receive your request at:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel: +49 89 9292776-0
Fax: +49 89 9292776-22
Februar 20, 2013
Diehl Controls transfers its photovoltaics business
Diehl Controls, Wangen im Allgäu, subgroup of Diehl Group, Nuremberg, sells the business unit photovoltaics with effect from 1st of April 2013 to mutares Solar GmbH, a 100% subsidiary of mutares AG, Munich. mutares AG will strategically develop the photovoltaics business located in Wangen, employing 82 people.
In 2005, Diehl Controls entered the pholtovoltaics business with the development and manufacturing of solar inverters as well as the related communication equipment branded Platinum. The brand Platinum reached Sales of € 50 m. in 2012. Diehl Controls transfers its photovoltaics activities to a competent partner as part of a corporate refocusing program. Dr. Axel Geuer, Executive and founder of mutares AG, evaluates the potential of the photovoltaics business positively: „The brand Platinum is well established in the market, the new product range R3 has great potential and has received positive customer feedback shortly after its introduction to the market. This is an important basis to develop the business towards long term profitability. However, in this know-how driven business the employees remain the most important potential for growth. Their creative ideas and designs will be a competitive advantage in the market.“ The collaboration in the photovoltaics business is not the first joint project of mutares AG and Diehl Group. In 2009 mutares AG acquired Diehl Elastomertechnik GmbH; the now called Elastomer Solutions Group has been growing continuously over the past years. Latest figures show a sales increase of +35 % versus 2009; also the number of employee has grown significantly. mutares AG takes over all 82 employees with their existing employment contracts. „The people are our source of know-how. We can only be successful together with them“, emphasizes Dr. Wolf Cornelius, who will run the new company together with its established CEO, Klaus Frehner. There is a clear commitment to the location of the company in Wangen im Allgäu: „Wangen is competitive for the production of inverters!” Dr. Cornelius assures. On this basis, mutares Solar GmbH signed a long-term contract with Diehl Controls regarding the utilization of the production facility. The business areas Appliance and Smart Home will not be affected by the transaction. “In the area of Appliance we are one of the market leaders worldwide and in the Smart Home sector we are working on interesting projects with a very promising future “, says Diehl Controls’ member of Corporate Division Board Dieter Neugebauer. „In some of these projects we will work closely together with mutares, for instance in the area of intelligent solutions for private energy consumption.“
Diehl Controls
Diehl Controls is a leading specialist worldwide for the design and production of control systems. Under its brand Diehl AKO® the company supplies electronic components and systems to the international household appliance industry. With its Smart Home activities Diehl Controls focuses on highly innovative products for the future energy management market.
mutares
mutares AG, Munich (www.mutares.de), acquires midsized companies in whole and in part, which are sold as a result of a repositioning process at their owners and which exhibit a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to generate a significant value increase. The focus of the operational work is to ensure sustainable, long-term growth. The stocks of mutares AG are listed at the Open Market segment of the Frankfurt stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information, we gladly receive your request at:
mutares AG Susanne Staudt Investor Relations & Corporate Communications Tel: +49 89 9292776-0 Fax: +49 89 9292776-22 info@mutares.de
November 22, 2012
mutares with strong growth
Munich, November 19, 2012
mutares AG significantly increased sales and earnings in its fiscal year 2011/12 as a result of the expansion of its portfolio. Group sales grew to EUR 159.3m and operating result (EBIT) to EUR 12.6m in the reporting period ended March 31, 2012.
“With total assets exceeding EUR 148m the mutares group is well positioned for further growth in the restructuring business” comments Robin Laik, co-founder of mutares.
At the Annual General Meeting of mutares AG, held on Friday, November 16 in Munich, all of the resolutions submitted by the Executive Board and the Supervisory Board were approved with large majority of the attending shareholders (attendance: 97 percent of the share capital). As proposed by the Executive Board and the Supervisory Board, the shareholders voted for a dividend of EUR 0.70 to be paid on each share entitled to dividend.
mutares AG, Munich (www.mutares.de), acquires medium-sized companies which are sold by their owners as part of a repositioning process and exhibit a clear operational improvement potential. Getting engaged with their own teams, mutares actively supports their portfolio companies to generate a significant value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The stocks of mutares AG are listed at the Open Market segment of the Berlin stock exchange. (Symbol: MUX, ISIN: DE000A0SMSH2)
For further information, please contact:
mutares AG Susanne Staudt Investor Relations & Corporate Communications Tel: +49 89 9292776-0 Fax: +49 89 9292776-22 info@mutares.de
August 9, 2012
mutares AG acquires Arc Distribution France Group (“ADF”)
On August 7th 2012, mutares AG acquired the Arc Distribution France Group (“ADF”) including all its French subsidiaries. ADF is a leading supplier of tableware and cookware brands in France and generated a turnover of EUR 90 million in 2011. The company currently employs about 320 people at its’ four sites.
The wide range of ADF’s well-known brands offers its customers a large selection of products for every end- consumer segment. The customer base of ADF consists of some of the most reputable French retailers, such as Carrefour, Intermarché, Auchan, Leclerc, Casino and Système U, as well as a number of specialized retailers and online-shops.
Robin Laik, founder and member of the executive board of mutares AG, states: “given the leading market position of ADF, combined with the strong brand recognition of its product labels Luminarc, Pyrex®* and Cristal d’Arques®, we are confident that ADF will realize its growth potential and further expand its position as the market leader”.
The Arc International Group sold ADF as part of its strategic reorganisation program.
mutares AG, based in Munich, Germany, acquires medium-sized companies, which are sold by their owners as part of a repositioning process and exhibit a clear operational improvement potential. Getting engaged with their own teams, mutares actively supports their portfolio companies to generate a significant value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The stocks of mutares AG are listed at the Open Market segment of the Berlin stock exchange. (Symbol: MUX, ISIN: DE000A0SMSH2)
For further information, please contact:
mutares AG Susanne Staudt Investor Relations & Corporate Communications Tel: +49 89 9292776-0 Fax: +49 89 9292776-22 info@mutares.de
*Pyrex®, a trademark of Corning Inc. is operated by Arc International Cookware SAS under exclusive license in Europe, the Middle East and Africa.
Juni 14, 2012
mutares turnover increases rapidly
Over the past months the mutares AG has been particularly successful in the acquisition of new companies. Today, the group’s portfolio comprises of 11 companies. During last year the total revenue of all newly acquired companies exceeded € 440 mill.
• CGVL, one of the leading logistics service suppliers in France in the road transport sector has been acquired. CGVL provides long-term rents of trucks and drivers to large customers like the French postal service, major food retailers, the packaging industry as well as to other logistics providers.
• CASTELLI is a leading manufacturer of designer furniture and interior components for offices. The company has a long tradition as being a supplier of choice for global “blue chip” customers.
• The new portfolio company EUPEC is a specialist for coating of oil-, gas- and water pipelines in on- and offshore applications. The company is part of large international exploration projects with customers being primarily governmental development companies and exploration divisions of the major global oil and energy companies.
• With SPI (“Stada Production Ireland”) mutares has acquired the Irish generics manufacturing plant of the German MDAX listed pharmaceutical company STADA AG. In the future SPI will operate as an FDA-licensed, independent contract manufacturer for antibiotics and other tablet- and powder-based pharmaceuticals of small to medium volumes and in various packaging formats.
• The GEESINKNORBA group based in the Netherlands designs and produces innovative refusal collection vehicles. Customers are waste disposal divisions of municipalities as well as private waste management companies all over Europe.
Februar 6, 2012
mutares AG acquires STADA Production Ireland Ltd. (“SPI”)
mutares AG, Munich, has taken over STADA Production Ireland Ltd. (SPI), a contract manufacturer of pharmaceutical drugs based in Clonmel/ Ireland, from STADA Arzneimittel AG, a German MDAX-listed company on February 06, 2012. SPI generated in 2011 a turnover of approximately EUR 28 million with production and packaging of tablets and capsules and employs about 180 people.
SPI has been producing drugs in Clonmel since 1984 and holds licenses (FDA, EU GMP) for the production of a wide range of different pharmaceuticals, including antibiotics, for the European and the US market. The STADA Group is selling SPI with the objective to focus its world-wide production capacities. Based on contract manufacturing agreements SPI will continue to be a supplier for STADA for a transitional period.
Dr. Axel Geuer, member of the executive board and founder of mutares AG, says with a view to the future development of the company: „With a production capacity of 1.6 million tablets and capsules and a number of different production methods and packaging techniques SPI is well positioned to acquire new customers and to further expand its business. We are looking forward to accompanying this growth strategy.“
mutares AG, Munich (www.mutares.de), acquires midsized companies in whole and in part, which are sold as a result of a repositioning process at their owners and which exhibit a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to generate significant value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The shares of mutares AG are listed at the Open Market segment of the Berlin stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
About STADA Arzneimittel AG:
STADA Arzneimittel AG is a publicly-listed company with headquarters in Bad Vilbel, Germany. STADA’s business model focuses on the health care market. At the center of the internationally oriented business activities are the pharmaceutical and, in particular, the generics market with sustainable growth potential. As a globally leading generics producer, STADA has a traditionally strong presence in Europe and is the clear number 3 in Germany. In financial year 2010, STADA achieved Group sales of EUR 1,627.0 million, earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 268.8 million and net income of EUR 68.4 million. As of December 31, 2010, STADA employed a total of 8,024 people.
For further information please contact:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
info@mutares.de
Februar 6, 2012
mutares acquires GeesinkNorba Group
mutares AG, Munich, has acquired the Geesink Group with all its European subsidiaries, a leading European provider of efficient waste management solutions on February 3, 2012. As Europe’s largest supplier for innovative solutions of refuse collection, especially refuse collection vehicles, GeesinkNorba generated a turnover exceeding EUR 100 million in 2011 and employs about 490 people, 260 of them in the Netherlands with headquarters in Emmeloord.
GeesinkNorba develops, manufactures and sells advanced refuse collection vehicle bodies, bin-lifting equipment and compactors. The company is represented in many European countries and operates several assembly plants. Robin Laik, founder of mutares AG and member of its executive board, comments on the future development of the company: ”Based on its well established market presence and its broad offering of innovative solutions for waste collection and processing, GeesinkNorba is excellently positioned to quickly exploit new areas of growth. mutares is excited about the successful closing of the contract with Platinum Equity.”
mutares AG, Munich (www.mutares.de), acquires midsized companies in whole and in part, which are sold as a result of a repositioning process at their owners and which exhibit a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to generate significant value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The shares of mutares AG are listed at the Open Market segment of the Berlin stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information please contact:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
info@mutares.de
Januar 27, 2012
mutares acquires EUPEC
mutares AG, Munich, has taken over the EUPEC group of companies from the Indonesian Korindo group on January 26, 2012. EUPEC is Europe’s leading provider of coatings for oil-, gas- and water-pipelines. In 2011 the company generated a turnover of more than EUR 200 million and currently employs 120 people at four locations in France and Germany.
EUPEC supplies coatings for various on- and off-shore applications. Customers all over the world are served from the company’s headquarters in Graveline in northern France and from its German subsidiary in Muelheim. During the last three years, EUPEC has been providing all the concrete weight coating for the pipelines of the Nordstream project.
“EUPEC has proven its in-depth expertise in delivering technologically complex solutions in numerous international projects. Based on this competence we are excited to further expand EUPEC’s business”, comments Dr. Axel Geuer, founder of mutares AG and member of its executive board.
mutares AG, Munich (www.mutares.de), acquires midsized companies in whole and in part, which are sold as a result of a repositioning process at their owners and which exhibit a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to generate significant value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The shares of mutares AG are listed at the Open Market segment of the Berlin stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information please contact:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
info@mutares.de
Januar 19, 2012
mutares AG acquires Castelli from Haworth group
mutares AG, Munich, has acquired Haworth S.p.A., the Italian subsidiary of the American group Haworth Inc., a world leading manufacturer of office furniture, on January 18, 2012. The company will operate in the future under its former long-term brand name Castelli. Castelli generated in 2011 a turnover of EUR 28 million with sales of exclusive office furniture and employs about 250 people at its site in San Giovanni/ Bologna, Italy.
Since 1877, Castelli has been producing innovative office furniture for the premium quality segment. As one of the European market leaders the company serves corporate customers worldwide. To further expand its international business Castelli has setup a long-term distribution partnership with the Haworth group. Dr. Axel Geuer, founder of mutares AG and member of its executive board, comments on the future development of the company: ”Based on its well established market presence and high level design expertise, Castelli is excellently positioned to quickly exploit new areas of growth. mutares is excited to own a company with the esteemed brand “Castelli” and partner with a global brand such as Haworth.”
mutares AG, Munich (www.mutares.de), acquires midsized companies in whole and in part, which are sold as a result of a repositioning process at their owners and which exhibit a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to generate significant value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The shares of mutares AG are listed at the Open Market segment of the Berlin stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information please contact:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
info@mutares.de
Januar 10, 2012
mutares acquires the logistics company SN CGVL
Munich, December 27, 2011
mutares AG, Munich, has acquired the division SN CGVL of the French Star’s Service group on December 22, 2011. SN CGVL (Société Nouvelle Compagnie Générale de Voitures de Lyon) is an industrial vehicle and driver rental company in France. The company with headquarter in Lyon has achieved in 2011 a turnover of approximately EUR 40 million and has over 600 employees.
SN CGVL was already founded in 1906 and is very well established in the French market. Over the last years the company’s fleet has been continuously modernized through extensive investments.
With the sale of SN CGVL Star’s Service group refocuses on its core competence in the delivery over the “last mile”. Robin Laik, founder and member of the executive board of mutares AG, says about the future development of SN CGVL: “Due to the good customer relations and the high quality of service, we see significant growth potential for SN CGVL in the French market. mutares is happy about the successful closing of the contract.”
mutares AG, Munich (www.mutares.de), acquires midsized companies in whole and in part, which are sold as a result of a repositioning process at their owners and which exhibit a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to generate significant value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The stocks of mutares AG are listed at the Open Market segment of the Berlin stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information please contact:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
info@mutares.de
Oktober 11, 2011
mutares announces consolidated earnings for the fiscal year 2010/11
Munich, October 10, 2011
Based on successful turn-around activities and on the expansion of its portfolio the mutares-group has achieved a significant growth in revenues and earnings in the fiscal year 2010/11. During the period from April 1, 2010, to March 31, 2011, the turnover has doubled to € 127.6 million (previous year € 60.7 million) with a substantial increase of 95% in the operating profit (EBITDA) to € 15.8 million (previous year € 8.1 million). At the end of the fiscal year 2010/2011 on March 31, 2011, mutares held a total of five portfolio companies in Europe with around 1,500 employees.
mutares acquires companies in special situations and develops them with operational and financial support. Due to strong operational improvements in the portfolio companies and due to the economic growth in Europe since early 2010 last year’s results have significantly improved. Group sales and net income have been increased for the third consecutive year.
Despite a portfolio streamlining group sales went up by 110% from € 66.9 million to € 127.6 million. Primarily the first time consolidation of the HIB-group and the newly acquired Alsace Meuble contributed to this strong increase in sales.
The annual income went up to € 8.3 million, which is € 4.3 million or 108% more than in the previous year.
“The increase in operating cash flow to € 3.2 million (previous year: € -1.4 million) shows our strong operational expertise,” said Axel Geuer, co-founder of mutares. Robin Laik added, “With total assets of over € 100 million and an equity ratio of 32% the group is well positioned for further growth.”
mutares AG, Munich (www.mutares.de), acquires midsized companies, that are being sold in the course of a repositioning process at their owners and that show a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to achieve a significant increase in value. The focus of the operational work is to ensure sustainable, long-term growth.
The stocks of mutares AG are being listed at the Open Market segment of the Frankfurt stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information please contact:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
info@mutares.de
August 16, 2011
mutares AG acquires Rubbens EGC
Munich, August 10, 2011
mutares AG, Munich, acquires the Belgian kitchen manufacturer Rubbens EGC from the leading foodservice equipment manufacturer Ali Group, Italy. Rubbens EGC offers professional customized kitchen equipment for restaurants, canteens and caterers. The company employs a staff of 73 at its two sites in Kruibeke and Stavelot.
Given its 90-years experience as an established supplier Rubbens provides international customers of the hotel and restaurant industry with professional kitchen equipment. The company supplies comprehensive solutions to its customers covering the entire value chain from design to after sales service. Dr. Axel Geuer, founder of the mutares AG and member of its executive board, says: “Based on the strong expertise of the Rubbens EGC team and its profound capability to design innovative customized kitchen interior the company is well positioned to further develop its full potential. mutares welcomes the closing of this transaction with the Ali Group.”
mutares AG, Munich(www.mutares.de), acquires midsized companies, which are sold as a result of a repositioning process at their owners and which exhibit a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to generate a significant value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The stocks of mutares AG are listed at the Open Market segment of the Frankfurt stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information please contact:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
info@mutares.de
Juni 20, 2011
mutares AG acquires Huber Decorative Packaging
mutares AG, Munich, acquires the Decorative business of the HUBER Packaging Group GmbH, Oehringen/Germany. HUBER Decorative Packaging GmbH & Co. KG designs and manufactures high-end, tin-based packaging solutions for renowned consumer brands and retailers from various industries. Located in Landshut near Munich the company occupies 135 employees.
The business for decorative packaging made of metal does not belong to Huber Group’s core strategy anymore. Due to the economic recovery in its most important markets Huber Decorative currently experiences a strong sales increase. The core competence of the company lies in the design of sophisticated packaging using special printing and embossing techniques.
Robin Laik, founder and member of the executive board of mutares, says: “With respect to the high level of innovation and the extensive experience of the team Huber Decorative is perfectly positioned to further develop its business into new market segments with a stronger international focus. mutares will actively support this strategy.”
mutares AG, Munich (www.mutares.de), acquires midsized companies in whole and in part, which are sold as a result of a repositioning process at their owners and which exhibit a clear operational improvement potential. Getting engaged with their own teams, mutares actively supports their portfolio companies to generate a significant value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The stocks of mutares AG are listed at the Open Market segment of the Frankfurt stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information, we gladly receive your request at:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel: +49 89 9292776-0
Fax: +49 89 9292776-22
info@mutares.de
Januar 11, 2011
mutares with strong growth
Due to the further development of its portfolio mutares AG has increased revenues and profits in the fiscal year 2009/10 significantly. In the year ending March 31, 2010, group total output has reached € 78.7 mill. with operating profits (EBIT) of € 6.1 mill. To support its growing business mutares has extended its executive board by two new members.
mutares acquires divisions of large corporations that are being sold as non-core activities. “With total assets exceeding € 100 mill. the mutares group is well positioned for further turn-around investments” Robin Laik, Co-founder of mutares, explains. The portfolio companies from the automotive and engineering sector have shown a very positive progress over the past months. Annual sales growth has increased by more than 30%, thus supporting the repositioning of the companies.
Board member Dr. Geuer added, that the internal management of mutares has been adjusted to support the growing business. Starting from January 1, 2011, the Executive Board of mutares has been enlarged by Dr. Kristian Schleede, CFO, and Dr. Wolf Cornelius, Head of Operations.
mutares AG, Munich (www.mutares.de), acquires midsized companies, that are being sold in the course of a repositioning process at their owners and that show a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to achieve a clear value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The stocks of mutares AG are being listed at the Open Market segment of the Frankfurt stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information please contact:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel: +49 (0)89 9292776-0
Fax: +49 (0)89 9292776-22
info@mutares.de
Oktober 25, 2010
mutares AG sells Ledertech GmbH
mutares AG, Munich, sold its portfolio company Ledertech GmbH by a management buy-in to Mr. Gheoghe Chelu. Ledertech, based in Bopfingen (Germany), is a leading provider of leatherboard material for the global shoe and leather goods industry. In its plant in Bopfingen Ledertech occupies 50 employees.
Mr. Chelu intends to continue and further develop the business of Ledertech with its current portfolio of products and customers.
mutares AG, Munich (www.mutares.de), acquires midsized companies, that are being sold in the course of a repositioning process at their owners and that show a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to achieve a clear value increase. The focus of the operational work is to ensure sustainable, long-term growth.
The stocks of mutares AG are being listed at the Open Market segment of the Frankfurt stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information, we gladly receive your request at:
mutares AG
Susanne Staudt
Investor Relations & Corporate Communications
Tel: +49 (0)89 9292776-0
Fax: +49 (0)89 9292776-22
info@mutares.de
Juli 6, 2010
mutares AG acquires LeBed SAS
mutares AG, Munich, acquires all assets and takes over all employees of the French company LeBed SAS from the Recticel Group (Brussels, Belgium) effective July 1st. LeBed designs, manufactures and distributes slatted frames for beds in Western Europe. The company occupies 67 employees at its Masevaux plant near Mulhouse, France. With this transaction the Recticel Group intends to strengthen the focus on its core business.
Juni 14, 2010
mutares AG sells SHH GmbH SystemHaus Hemminger GmbH
mutares AG, Munich, sold its portfolio company SHH GmbH SystemHaus Hemminger to the Japanese investor ABC Shokai. Being a strategic investor ABC Shokai has a broad international contact network to many utility companies, the most important customers of SHH.
Februar 19, 2010
Dräxlmaier Group sells its Decorative Design business to mutares AG
mutares acquires the business unit “Decorative Design” including all its sites and employees. Dräxlmaier Group refocuses on its core business.
Februar 4, 2010
mutares AG acquires Fertigungstechnik Weißenfels GmbH (FTW)
mutares AG, Munich, acquires Fertigungstechnik Weißenfels GmbH (FTW) from the Römheld Group, Laubach. FTW designs, manufactures and distributes NC-controlled rotary tables for the machine tool industry. The company occupies 90 employees at its Weißenfeld plant near Leipzig. With this transaction the Römheld group intends to strengthen the focus on its core business.
Oktober 30, 2009
Insolvent Escada AG will not close Primera-transaction
The board and the preliminary insolvency administrator of Escada AG, Dr. Christian Gerloff, will not proceed with the closing of the purchase agreement for the Primera group. The board decided to withdraw from the contract it had originally signed with mutares AG on May 25, 2009.
August 24, 2009
mutares AG acquires Diehl Elastomer Group
Today, mutares AG, Munich, acquires Diehl Elastomertechnik GmbH and its subsidiaries from the Diehl Group, Nürnberg. Diehl Elastomer designs, manufactures and distributes rubber components mainly for the automotive industry and occupies 200 employees at locations in Germany, Portugal and Slovakia. With this transaction the Diehl Group intends to focus more on its core business.
Mai 26, 2009
mutares AG to acquire Laurèl, apriori und cavita from ESCADA
Effective June 1, 2009 mutares AG, Munich, will acquire the Primera Group with the brands Laurèl, apriori and cavita from ESCADA AG, Aschheim (Munich). While Laur?l is an established premium brand in the diffusion segment, the brands apriori and cavita target the bridge and medium segments. The brand BiBA is excluded from this transaction.
April 28, 2009
mutares AG acquires SHH GmbH SystemHaus Hemminger GmbH
mutares AG, Munich, acquired on April 24, 2009, all shares of SHH GmbH SystemHaus Hemminger, a leading provider of geographical information systems for utility suppliers and big enterprises. Sellers are Stadtwerke Leipzig, founder and previous CEO Eberhardt Hemminger, as well as the regional utility suppliers Mark-E AG and Lister- und Lennekraftwerke GmbH. SHH, based in Esslingen/ Neckar (Germany) provides software development and consulting services and has branch offices in Berlin, Bochum, and Leipzig and a subsidiary in Wroclaw (Poland).
November 10, 2008
mutares team growing
With the appointments of Sonja Reinhard and Michael Ohr, the mutares team has gained new traction to continue building its portfolio and implementing operational improvements in their investments.
September 1, 2008
Acquisition of Ledertech GmbH, Bopfingen
mutares AG buys Ledertech GmbH, located in Bopfingen, Germany. Ledertech produces and distributes leatherboard materials, which are used for the production of various products in the leather, automotive components, packaging and building materials industries.
August 1, 2008
Acquisition of Filtral SARL, Bois le Rois, France
mutares AG buys the French Filtral SARL from the Uvex-Group. Filtral SARL sells and distributes sunglasses under the brands Filtral, elite, Enfandises, Liberto, Polavision, Revlon, Scara, UV Sport und x-treme.
Juli 15, 2008
Approval IPO prospectus (July 15, 2008)
The IPO prospectus of mutares AG has been approved by the German supervisory council for financial services (BAFIN) according to the German IPO-law (WpPG, §13 Sec. 1).
Juni 10, 2008
First listing of mutares shares (June 10, 2008)
The shares of mutares AG are being listed for the first time in the Open Market segment of the Frankfurt stock exchange (symbol: mux, ISIN DE00A0SMH2).