mutares acquires the logistics company SN CGVL

mutares AG, Munich, has acquired the division SN CGVL of the French Star’s Service group on December 22, 2011. SN CGVL (Société Nouvelle Compagnie Générale de Voitures de Lyon) is an industrial vehicle and driver rental company in France. The company with headquarters in Lyon has achieved in 2011 a turnover of approximately EUR 40 million and has over 600 employees.

SN CGVL was already founded in 1906 and is very well established in the French market. Over the last years the company’s fleet has been continuously modernized through extensive investments.

With the sale of SN CGVL Star’s Service group refocuses on its core competence in the delivery over the “last mile”. Robin Laik, founder and member of the executive board of mutares AG, says about the future development of SN CGVL: “Due to the good customer relations and the high quality of service, we see significant growth potential for SN CGVL in the French market. mutares is happy about the successful closing of the contract.”

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.de), 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).