Ad-hoc: Mutares sells A+F Automation+Fördertechnik

Disclosure of an inside information according to Article 17 MAR

German Mutares AG sells its portfolio company A+F Automation + Fördertechnik GmbH for EUR 20.5m to a fund of Swiss industry partner CGS. Through earn-out payments until 2019, the purchase price can rise to EUR 25m in total.

A+F is a leading manufacturer of high end and end-of-line packaging machines, based in Kirchlengern (Germany). Mutares acquired A+F in November 2014 from German OYSTAR Group and and reorganized it through a turn-around. With 160 employees, the company generates profitable sales of around EUR 28 million.

Company profile of Mutares AG

Mutares AG, Munich (, acquires medium-sized companies and parts of groups that are being sold during a repositioning and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with own investment and expert teams as well as through acquisitions of strategic add-ons. The aim is to achieve a significant increase in value focusing on sustainable growth of the portfolio company. Mutares AG shares are traded on the Frankfurt Stock Exchange under the symbol “MUX” (ISIN: DE000A2NB650).