News

February 5, 2016

VDD acquires Pixmania

January 27, 2012

mutares acquires EUPEC

November 10, 2008

mutares team growing

News

May 25, 2016

mutares acquires Sonoco Paper France

mutares AG (ISIN: DE000A0SMSH2) acquires the French core board manufacturer Sonoco Paper France from Sonoco Products Company. In 2015, the company generated a turnover of EUR 32m with 73 employees. </strong

May 10, 2016

mutares increases again profitability in the first quarter 2016

The mutares Group (ISIN: DE000A0SMSH2) increased its operating earnings (EBITDA) to EUR 4.4m by generating revenues of EUR 152.8m in the first quarter. The management expects 2016 to be another record year driven by dynamic M&A activities in the coming months.</strong

April 25, 2016

mutares achieved record results in FY 2015 and proposes a dividend of EUR 0.60 per share

Today, the mutares Group (ISIN: DE000A0SMSH2) published its Annual Report for FY 2015. The group achieved again record levels in its consolidated revenues, operating earnings, cash and equity position, and NAV. The Executive Board and Supervisory Board want their shareholders to participate in the great success of the company by proposing a dividend payment of EUR 0.60 per share.

February 25, 2016

mutares portfolio: Artmadis expands into Belgium

Artmadis, a portfolio company of mutares AG (ISIN: DE000A0SMSH2), is the leading distributor for tableware and kitchenware in France. Over the past years the company has been growing organically by leveraging its well established business relationships to French retail chains. Now it accelerates its expansion in the Belgian market through the takeover of the distributor Verbeelen.

February 5, 2016

VDD acquires Pixmania

Pixmania – the French e-commerce retailer acquired by mutares AG (ISIN: DE000A0SMSH2) in 2013 – will be taken over by the strategic investor VDD SAS.

November 10, 2015

mutares achieved record results in the first 9 months of 2015

The mutares Group (ISIN: DE000A0SMSH2) increased its revenues to EUR 475.3m and its operative earnings (EBITDA) significantly to EUR 19.2m in the first nine months of 2015 thus reaching new record levels.

October 22, 2015

mutares Portfolio: STS Acoustics secures a major order of over EUR 60m

STS Acoustics, a portfolio company of mutares AG (ISIN: DE000A0SMSH2) developing and producing acoustic components for the automotive industry, secures a major order with a contract volume of over EUR 60m for the new site in Poland. This achievement confirms again the successful strategy of mutares.

October 8, 2015

mutares AG: Successful completion of capital increase

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October 7, 2015

mutares AG: Approval of capital increase

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October 6, 2015

mutares acquires French wood upgrading business from Metsäliitto Cooperative

mutares AG (ISIN: DE000A0SMSH2) closed the acquisition of Metsä Wood France SAS from Metsäliitto Cooperative. While this acquisition is already the sixth transaction in 2015, the transaction pipeline of mutares remains well filled.

September 25, 2015

mutares portfolio: STS Acoustics expands to Eastern Europe

STS Acoustics, a portfolio company of mutares AG developing and producing acoustic components for the automotive industry, continues its successful repositioning by setting up a new site in Poland.

September 17, 2015

mutares confirms excellent operational performance

The mutares Group (ISIN: DE000A0SMSH2) closed the first half of 2015 with significant organic growth in revenues and a clear increase in profitability. Today’s publication of mutares Group’s Interim Report 2015 will be accompanied by a conference call for analysts and investors.

September 14, 2015

Invitation to the conference call “mutares Group H1-2015 results”

The Interim Report 2015 of the mutares Group (ISIN: DE000A0SMSH2) will be published on September 17, 2015. We kindly invite you to a conference call (held in English) taking place on the same day at 2:30pm.

September 7, 2015

mutares publishes for the first time NAV of portfolio companies

The total NAV (net asset value) of the mutares Group currently amounts to EUR 351.2m or EUR 25.02 per share. Hence, the NAV exceeds the current market capitalization significantly by 28 percent. The regular publication of the NAV is part of intensified capital market communications.

September 3, 2015

mutares increases its profitability significantly in H1-2015

The mutares Group (ISIN: DE000A0SMSH2) closed H1-2015 with a considerable organic growth in revenues and a significant increase in profitability based on preliminary figures. Given the dynamic transaction activities in 2015, mutares is confident to achieve another record year.

August 31, 2015

mutares acquires the pipeline manufacturer BSL as an add-on for EUPEC

mutares AG (ISIN: DE000A0SMSH2) has acquired the French pipeline manufacturer BSL Pipes and Fittings SAS. After the successful development of EUPEC, mutares strengthens its portfolio by investing in a second company in the oil- and gas pipeline sector.

July 9, 2015

Announcement concerning the issue of bonus shares

mutares AG (ISIN: DE000A0SMSH2) will issue bonus shares in a ratio of 1:5 to its shareholders which will be credited after close of markets on July 9, 2015. The new shares are admitted for trading as of July 10, 2015.

July 2, 2015

mutares makes an irrevocable offer to acquire Metsä Wood France

mutares AG (ISIN: DE000A0SMSH2) has made an irrevocable offer to acquire Metsä Wood France SAS from Metsäliitto Cooperative.

June 25, 2015

With the acquisition of Grosbill, mutares forms a French champion in the European e-commerce market

mutares AG (ISIN: DE000A0SMSH2) has acquired Grosbill SA from Groupe Auchan.  Joint forces with Pixmania will create one of Europe’s leading online retailers for consumer electronics.

June 23, 2015

mutares sells Suir Pharma Ireland

The Munich-based restructuring specialist mutares AG (ISIN: DE000A0SMSH2) has sold the pharmaceutical contract manufacturer Suir Pharma Ireland to the strategic investor Saneca Pharmaceuticals. With its second successful exit in 2015, mutares further streamlines its portfolio.

June 12, 2015

mutares makes an irrevocable offer to acquire Grosbill

mutares AG (ISIN: DE000A0SMSH2) has made an irrevocable offer to acquire 100% of the shares of Grosbill SA from Groupe Auchan.

May 26, 2015

mutares AG: AGM 2015 approves dividend payment of EUR 4.70 per share and capital increase from company funds

The annual general meeting of mutares AG (ISIN: DE000A0SMSH2), which took place in Munich on May 22, 2015, approved all resolutions proposed by the management with large majority. The dividend payment of EUR 4.70 per share and a capital increase from company funds (bonus issue) were approved.

May 22, 2015

mutares successfully closed the acquisition of Metsä Board Zanders

The Munich-based mutares Group (ISIN: DE000A0SMSH2) closed the acquisition of Metsä Board Zanders, following the approval of the antitrust authorities. While this acquisition forms an important milestone for the growth of the group, the transaction pipeline of mutares remains well filled.

May 13, 2015

mutares increased its revenues and operative earnings in the first quarter

The Munich-based mutares Group (ISIN: DE000A0SMSH2) increased its revenues to EUR 169.9m and its operative earnings significantly to EUR 4.2m in the first quarter. With dynamic M&A activities in the coming months, the management expects 2015 to be another record year.

May 8, 2015

mutares sells logistics service provider CGVL

The Munich-based restructuring specialist mutares AG (ISIN: DE000A0SMSH2) has sold the logistics service provider CGVL (Compagnie Générale de Véhicules Lyonnais). The exit marks the completion of the successful turn-around over the past years.

April 29, 2015

mutares acquires Metsä Board Zanders

The Munich-based restructuring specialist mutares AG (ISIN: DE000A0SMSH2) acquires the German paper mill Gohrsmühle from the Finnish paperboard producer Metsä Board. In 2014, the company generated sales of EUR 93m with around 480 employees.  

April 23, 2015

mutares portfolio: EUPEC secures major order in Kazakhstan

EUPEC, a subsidiary of mutares AG (ISIN: DE000A0SMSH2) specialised on coatings of oil and gas pipelines, managed to secure a major order in Kazakhstan of up to EUR 45m.

April 15, 2015

mutares confirms record results and proposes a dividend of EUR 4.70 per share

Today, the mutares Group (ISIN: DE000A0SMSH2) published its Annual Report for the record year 2014. The Executive Board and Supervisory Board want their shareholders to participate in the great success of the company by proposing a dividend payment of EUR 4.70 per share.

April 9, 2015

mutares announces preliminary consolidated figures for record year 2014

The Munich-based mutares Group (ISIN: DE000A0SMSH2) closed FY 2014 with record high preliminary consolidated revenues and operating earnings, and an unprecedented cash and equity position.

April 1, 2015

mutares appoints Mark Friedrich to the executive board

The Supervisory Board of mutares AG (ISIN: DE000A0SMSH2) appoints Mark Friedrich as a member of the Executive Board, effective as of April 1, 2015. Mr. Friedrich will take responsibility for finance and administration.

March 26, 2015

mutares portfolio: PIXmania makes add-on acquisition in Spain

PIXmania, a leading European e-tailer in the portfolio of mutares AG (ISIN: DE00A0SMSH2), acquires OFERTON, the Spanish specialist in live-shopping. The aim of the acquisition is to further strengthen the company’s position in Spain as well as to realize synergies in the refurbished goods sector.

March 5, 2015

mutares opens new office in Paris

The Munich-based restructuring specialist mutares AG (ISIN: DE000A0SMSH2) opens a new office in Paris. Two French M&A professionals will strengthen the activities in France.

January 12, 2015

mutares AG announces share buy-back

The executive board of the Munich based restructuring specialist mutares AG (ISIN: DE000A0SMSH2) decided, in line with § 71 Abs. 1 Nr. 8 AktG and the decision of the annual general meeting on March 19th 2010, to exercise its right to launch a share buy-back.

December 18, 2014

mutares portfolio: EUPEC expects sales to increase by more than 70% in 2014 and manages to secure a major new order

EUPEC, a subsidiary of mutares AG (ISIN: DE000A0SMSH2) specialised on coatings of oil and gas pipelines, expects sales to increase by more than 70% in the year to 31 December 2014. The company also managed to secure a major order in Nigeria. Projects have been managed with significant profitability. The order pipeline for 2015/2016 looks promising.

October 20, 2014

mutares acquires A+F, a leading manufacturer of final packaging solutions

mutares AG (ISIN: DE000A0SMSH2) today announced the acquisition of A+F Automation + Fördertechnik GmbH (“A+F”) from the OYSTAR Group. A+F is a leading manufacturer of end-of-line packaging solutions. The company is based in Kirchlengern, Germany. With 179 employees, A+F generated sales of around EUR 30 million in 2013.

September 30, 2014

mutares confirms half-year figures at record level and publishes half-year report

Today, mutares AG (ISIN: DE000A0SMSH2) publishes its half-year report. In H1 2014, total group revenues increased by 111% to EUR 307.5m compared to the reference period (H1 2013: EUR 145.8m). EBITDA increased by 55% to EUR 10.4m (H1 2013: EUR 6.8m). At least one additional acquisition is planned for the second half of the financial year.

August 6, 2014

mutares AG – Preliminary half-year group figures at record level

In H1 2014, mutares AG (ISIN: DE000A0SMSH2) increased its total group revenues compared to the reference period by 111% to a record level of EUR 307.5m (H1 2013: EUR 145.8m). EBITDA increased in the reporting period by 55% to EUR 10.4m (H1 2013: EUR 6.7m).

June 3, 2014

Capital increase successfully placed – Gross proceeds of approximately EUR 25 Mio.

mutares AG (ISIN: DE000A0SMSH2) has successfully placed the cash capital increase announced on 09. May 2014 in the planned amount of 311.962 shares on the market. As part of the capital measure the company’s free float increases to around 40 percent. Thereby mutares underlines its strategic repositioning on the market as well as the objective to raise the trading liquidity of mutares shares.

May 13, 2014

mutares AG moves to the Entry Standard and sets subscription price for the capital increase

mutares AG (DE000A0SMSH2) will be included in the Entry Standard of the Frankfurt stock exchange with a share capital of EUR 2,027,760.00 effective from May 14, 2014. The corresponding prospectus was approved today. The subscription price of the capital issue was set at EUR 80.00.

May 10, 2014

mutares AG – capital increase approved

mutares AG (ISIN: DE000A0SMSH2) approves a capital increase with subscription rights for up to 311,962 new shares.

May 10, 2014

mutares AG – shareholders profit from successful financial year 2013

The financial year 2013 was again very successful for mutares AG (ISIN: DE000A0SMSH2). The driving force behind the positive result of the company was the divestment of HIB Group. At the Annual General Meeting of May 09, 2014 the financial statements 2013 of the company were presented and the payment of a dividend of EUR 10.00 per share was approved.

April 25, 2014

mutares AG – planned strategic repositioning on the capital market proceeds

mutares AG (ISIN DE000A0SMSH2) successfully completes 1st phase of enlarging the free float. The transition into the Entry Standard of the Frankfurt Stock Exchange is being prepared.

April 23, 2014

PIXmania appoints Luis Krug as new CEO

PIXmania, the company with the highest turnover within the portfolio of mutares AG (ISIN DE000A0SMSH2), appoints Luis Krug as new CEO. Luis Krug has an outstanding experience in the e-commerce business being responsible for the success of large e-commerce companies such as Redcoon and BuyVIP.

April 3, 2014

mutares announces its consolidated results for the record year 2013

The fiscal year 2013 was once again a record year for mutares with considerable growth in sales and earnings. The basis for this growth was the successful operational development of the portfolio and in particular the largest and most profitable exit from a portfolio company in the group’s history. The shareholders of mutares should benefit from this success through the proposed payout of a dividend of EUR 10.00 per share. At the end of 2013, the portfolio of mutares consisted of 9 companies spread across Europe with almost 2,700 employees. </strong

March 21, 2014

mutares AG plans strategic repositioning in the capital market

Following the company’s strong growth in recent years, mutares AG intends to realign its capital market strategy. As part of this, mutares AG is considering a change to the Entry Standard of the Frankfurt Stock Exchange and to broaden its free float.

January 1, 2014

mutares closes PIXmania acquisition

On December 31st 2013, mutares completed the acquisition of PIXmania S.A.S and of all its subsidiaries from Dixons Retail plc. Following the signing of the Sale & Purchase Agreement on September 26th, all closing conditions have been fulfilled. PIXmania generated a turnover of € 446m during the fiscal year 2013 and employs close to 900 people across its sites in France and in the Czech Republic.

September 27, 2013

Agreement with Dixons Retail for the acquisition of PIXmania signed

mutares AG (“mutares”), and Dixons Retail, Europe’s leading specialist electrical multi-channel retailing and services company, announce that, having completed consultations with the relevant works councils, both companies have now signed the agreement for the sale of PIXmania S.A.S to mutares A.G, a German listed industrial holding company

September 6, 2013

mutares made irrevocable offer to acquire PIXmania S.A.S

mutares AG, Munich, has made an irrevocable offer to acquire PIXmania S.A.S and its subsidiaries from Dixons Retail plc.

July 23, 2013

mutares closes Autoneum Italy acquisition

mutares AG, Munich, has acquired the Italian Autoneum Italy S.p.A., a subsidiary of Autoneum Holding AG, Winterthur, a global technology leader in acoustics and thermal management solutions in the automotive industry, on July 22nd, 2013. Autoneum Italy generated a turnover of EUR 109 million in 2012 and employs currently about 730 people at its five sites all over Italy.

July 19, 2013

mutares again with strong growth

Due to the further expansion of its portfolio mutares AG recorded a satisfactory growth in sales and earnings in the short financial year 2012.  In the period from April 1, 2012 until December 31, 2012, group sales have reached EUR 301.2m (previous year EUR 159.3m) and operating profit (EBITDA) EUR 22.4m (previous year EUR 18.5 m).

June 11, 2013

mutares AG announces its consolidated results for the short fiscal year 2012

The short fiscal year 2012 was once more very encouraging for the mutares group, and could, even though its shortened period of 9 months, be completed with a significant growth in sales and earnings. The basis of this growth was in particular the acquisition and integration of three new portfolio companies.</strong

May 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.

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.

February 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.

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.

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.

June 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 11 companies. During last year, the total revenue of all newly acquired companies exceeded € 440 m.

February 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.

February 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.

January 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.

January 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.

January 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 headquarters in Lyon has achieved in 2011 a turnover of approximately EUR 40 million and has over 600 employees.

October 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.

August 16, 2011

mutares AG acquires Rubbens EGC

Munich, August 10, 2011 mutares AG, Munich, acquires the Belgian kitchen furniture 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.

June 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.

January 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.

October 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.

July 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.

June 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.

February 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.

February 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 plant in Weißenfels near Leipzig. With this transaction the Römheld group intends to strengthen the focus on its core business.

October 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.

May 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.

July 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).

June 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).