mutares AG acquires Diehl Elastomer Group

Today, mutares AG, Munich, acquires Diehl Elastomertechnik GmbH and its subsidiaries from the Diehl Group, Nürnberg. Diehl Elastomer designs, manufactures and distributes rubber components mainly for the automotive industry and occupies 200 employees at locations in Germany, Portugal and Slovakia. With this transaction the Diehl Group intends to focus more on its core business.

Diehl Elastomer has established long-term relationships with major OEMs and first-tier suppliers. With a strong focus on new technologies the company plays an important role already during the design process of new cars. Looking at the company’s future [Dr. Axel Geuer](http://www.mutares.de/company/executive-board/dr-axel-geuer/en/), founder and member of the executive board of mutares, says: “Diehl Elastomer can rely on their profound technological capabilities resulting in an attractive economic potential which we will build on and enlarge going forward. Therefore, we are excited about the successful conclusion of this transaction with the Diehl Group in Nürnberg.”