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.