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 SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (, acquires medium-sized companies and parts of groups with headquarter in Europe that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company. In 2018, Mutares’ portfolio companies generated consolidated revenues of EUR 865 million and employed more than 4,700 people worldwide. The shares of Mutares SE are listed on Frankfurt Stock Exchange under the ticker symbol “MUX” (ISIN: DE000A2NB650).