June 22, 2017
STS acquires Brazilian plant of Autoneum
The STS Group, a portfolio company of mutares AG (ISIN: DE000A0SMSH2), acquired a production facility in Betim, Brazil, from the Swiss Autoneum Group. This recent acquisition falls in line with STS’ growth strategy to further develop into a leading global supplier.
STS has acquired a plant from Autoneum in Betim, Brazil, with 90 employees. STS will continue to supply the current client base. In addition, all existing key customers of the STS Group have production facilities in Brazil. Therefore, STS expects a strong potential for growth in the recovering Brazilian market and plans with mid-term revenues of EUR 12m.
Through its organic growth and the recent acquisitions from Autoneum, Plastic Omnium, and Mecaplast, STS becomes a global automotive supplier. The group develops and produces interior, exterior, and NVH parts for light to heavy commercial vehicles as well as for passenger cars. STS will generate revenues of EUR 400m with 2,700 employees in 16 production facilities spanning across four continents. The product portfolio perfectly complements itself and allows for a great number of synergies and cross-selling opportunities.
The acquisition of the Brazilian plant is already the second transaction of the mutares Group with Autoneum. The Italian branch of STS was taken over from Autoneum in July 2013 and has developed outstandingly. The reciprocal trust between Autoneum and mutares allowed for a highly cooperative and exclusive transaction process.
Company profile of Autoneum
Autoneum, with its headquarters in Winterthur, Switzerland, is the globally leading producer of vehicle acoustics and thermal management systems. The company develops and manufactures components, modules and complete systems for interior and engine bay as well as heatshields and underbody shields. Customers include leading automobile producers in the key markets of Europe, North America, South America and Asia. Autoneum is represented at around 50 locations in over 20 countries and employs more than 11,000 people worldwide, of whom about 5% are in Switzerland. The company is listed on the SIX Swiss Exchange (ticker symbol AUTN).
Company profile of mutares AG
mutares AG, Munich (www.mutares.de), acquires 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 shares of mutares AG are listed on the Frankfurt Stock Exchange under the ticker symbol “MUX” (ISIN: DE000A0SMSH2).
For further information, please contact:mutares AG Soh-Pih Mariette Nikolai Investor Relations & Corporate Communications Tel. +49 89 9292776-0 Fax +49 89 9292776-22 firstname.lastname@example.org www.mutares.de