Mutares sells BSL Pipes & Fittings

Exit with positive purchase price Successful sale after holding period of three years Munich/Paris, 28 November 2018 – Mutares (ISIN: DE000A2NB650) has sold the portfolio company BSL Pipes & Fittings (BSL) to a Luxembourg investor. The parties have agreed not to disclose the positive purchase price. BSL, based in Soissons, France, has been a leading […]

Mutares completes acquisition of Knorr-Bremse RailServices UK and Kiepe Electric Ltd.

New platform investment with total annual turnover of GBP 75 million (EUR 85 million) Product portfolio includes railway maintenance services and turnkey solutions Transaction marks entry into the UK market for Mutares Munich, November 1, 2018 – Mutares AG (ISIN: DE000A2NB650) has successfully closed the acquisition of Knorr-Bremse RailServices UK (KBRS) and Kiepe Electric Ltd. […]

Subsidiary Balcke Dürr completes transaction to acquire selective assets of STF S.p.A.

Transaction provides for complimentary product range and engineering know-how Perimeter includes French service entity of STF and enables Balcke Dürr to enter French market  Balcke Dürr Group continues to widen its footprint in the nuclear power generation space Munich/Magenta, October 16, 2018 – Balcke Dürr Group, a subsidiary of Mutares Group (DE000A2NB650), successfully completed the […]

Mutares AG: Subsidiary Donges SteelTec completes transaction to acquire Kalzip Group

Sales increase of Donges SteelTec to over EUR 100 million annually Extension of the product range with roof and facade solutions Positioning of the Donges Group as a full-service provider Munich/Darmstadt, October 8, 2018 – Donges SteelTec, a subsidiary of Mutares Group (DE000A2NB650), successfully completed the acquisition of the Kalzip Group from Tata Steel Europe […]

Investment company Mutares acquires UK provider of vehicle services from Knorr-Bremse

Munich, 6 August 2018 – German investment group Mutares AG (ISIN: DE000A0SMSH2) is to acquire the UK vehicle service business to train operators from Knorr-Bremse, the leading manufacturer of braking systems. Both companies have signed an agreement to this effect. The closing of this transaction is expected by autumn 2018. New platform investment with annual […]

Balcke-Dürr Group with strategic acquisition in the growing market of power plant deconstruction

The Mutares subsidiary Balcke-Dürr Group expands its product range and engineering know-how by taking over a specialist provider of industrial services in the field of dismantling nuclear facilities. Strategic add-on acquisition strengthens positioning of Balcke-Dürr Group Positioning of the Balcke-Dürr Group as a system supplier and provider of industrial services Dynamic growth expected in the […]

Mutares forms its subsidiary Donges SteelTec into a new platform with first add-on acquisition

The Donges SteelTec Group, a subsidiary of the Mutares Group (ISIN: DE000A0SMSH2), signs an agreement to acquire the Kalzip Group, a supplier of cladding solutions and aluminium roofing, from Tata Steel.<p\> Donges sales to increase to more than EUR 100 million Complementation of the product range and engineering Know-how Opening up new geographical markets in […]

Mutares AG considers exit options for German commercial vehicle supplier STS Group

Investment company Mutares AG (ISIN: DE000A0SMSH2), listed on the Scale 30 index at Frankfurt Stock Exchange, is considering the sale or IPO of its portfolio company STS Group AG for this year. About STS Group Munich-based STS Group is a global market leader and supplier to the commercial vehicle industry. The company specializes in the […]

Mutares Italy signs first transaction with add-on acquisition for Balcke-Dürr Group

Mutares (ISIN: DE000A0SMSH2) subsidiary Balcke-Dürr Group signs an agreement to purchase Heat Transfer Product (HTP) Division of STF (“STF”) The strategic add-on acquisition broadens the product range and enhances the engineering know-how It will lead to an increased market share in the conventional and nuclear power sector The transaction is subject to approval of the […]

Mutares sells A+F Automation+Fördertechnik

Mutares (ISIN: DE000A0SMSH2) sells German A+F Automation+Fördertechnik after successful turnaround to fund of industry partner CGS For more than 40 years, A+F is a leading manufacturer of high end and end-of-line packaging machines, based in Kirchlengern (Germany). Mutares has sold the company to a fund of industry partner CGS for a money multiple of 8.5 […]