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 manufacture of innovative SMC, thermal insulation and acoustic components. SMC technology is used in electromobility especially in the field of light vehicle construction and can efficiently replace metal components. STS has a strong footprint in China, Europe, Mexico and Brazil. The customer portfolio includes major European and Chinese truck OEMs as well as highly specialized car manufacturers.
Further growth of the STS Group
With a possible (partial) exit of the STS Group, Mutares can confirm the success of the buy-and-build strategy for successfully realigned portfolio companies. The objective for the STS Group is to further expand its strong position as a leading and globally positioned supplier to all major commercial vehicle OEMs and to promote innovations in the field of e-mobility and autonomous driving,” says Robin Laik, CEO of Mutares AG.