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 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).