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 sold during a repositioning and have a clear potential for operational improvement. Mutares actively supports develops its portfolio companies with its 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).