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MUTARES SE & CO. KGAA EQS-News: Seventh acquisition in 2024: Mutares has signed an agreement to acquire fischer automotive systems GmbH & Co. KG from fischerwerke GmbH & Co. KG

Transparency directive : regulatory news

05/06/2024 13:00

EQS-News: Mutares SE & Co. KGaA / Key word(s): Investment/Takeover
Seventh acquisition in 2024: Mutares has signed an agreement to acquire fischer automotive systems GmbH & Co. KG from fischerwerke GmbH & Co. KG

05.06.2024 / 13:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Seventh acquisition in 2024: Mutares has signed an agreement to acquire fischer automotive systems GmbH & Co. KG from fischerwerke GmbH & Co. KG

  • New platform investment to strengthen the Automotive & Mobility segment
  • Expansion into China and the USA pays off
  • Automotive supplier of kinematic components and high-quality system solutions for vehicle interiors and exteriors
  • Revenues of approx. EUR 166 million in 2023

Munich, June 5, 2024 Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire fischer automotive systems GmbH & Co KG (fischer Automotive) from fischerwerke GmbH & Co KG. The company will strengthen the Automotive & Mobility segment as a new platform investment. The transaction is expected to be completed by the end of July 2024 and is subject to regulatory approvals.

Fischer Automotive develops, produces and sells kinematic components for vehicle interiors and exteriors, such as air vents, storage compartments, cup holders and electrically operated tailgates. The company manufactures and develops the products at its headquarters in Horb am Neckar, Germany, in a state-of-the-art development center and research laboratory, as well as in other plants in the Czech Republic (Ivanovice na Hané and Holubice), Serbia (Jagodina), China (Taicang) and the USA (Auburn Hills), giving the company a global presence at all major production sites in the automotive industry. With around 1,200 employees, the company generated revenues of approx. EUR 166 million in 2023. Thanks to its extensive expertise in plastics processing and its global subsidiaries, fischer Automotive has well-established relationships and direct access to a strong customer base, including well-known OEMs such as Audi, BMW and Tesla as well as Tier 1 suppliers such as Faurecia and Magna.

Robin Laik, CEO of Mutares, comments: "With the acquisition of fischer Automotive, we are strengthening our Automotive & Mobility segment in the field of plastics processing and further expanding our global presence in Europe, China and the USA. The international expansion of the Mutares Group is clearly paying off. I am very confident that we will be able to capitalize on the company's growth potential and achieve strategic improvements through our extensive know-how in the automotive sector and close relationships with key players in this field."

 

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.com), a listed private equity holding company with offices in Munich (HQ), Amsterdam, Bad Wiessee, Frankfurt, Helsinki, London, Madrid, Milan, Mumbai, Paris, Shanghai, Stockholm, Vienna and Warsaw, acquires companies in special situations which show significant operational improvement potential and are sold again after undergoing a repositioning and stabilization process. For the fiscal year 2024, consolidated revenues of EUR 5.7 billion to EUR 6.3 billion are expected. Based on this, consolidated revenues are to be expanded to approx. EUR 7 billion by 2025 and EUR 10 billion by 2028. As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding. On this basis, the Holding Company is expected to generate a net income of EUR 108 million to EUR 132 million for the fiscal year 2024, EUR 125 million to EUR 150 million for the fiscal year 2025 and EUR 200 million for the fiscal year 2028. The Management Board and Supervisory Board together hold more than one-third of all Mutares shares with voting rights. The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650) and have been part of the selection index SDAX since December 2023.

 

For more information, please contact:

Mutares SE & Co. KGaA
Investor Relations
Phone: +49 89 9292 7760
E-mail: ir@mutares.de
www.mutares.com

Press Contact in Germany
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

Press Contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Press Contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk

 



05.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Mutares SE & Co. KGaA
Arnulfstr.19
80335 Munich
Germany
Phone: +49 (0)89-9292 776-0
Fax: +49 (0)89-9292 776-22
E-mail: ir@mutares.de
Internet: www.mutares.de
ISIN: DE000A2NB650
WKN: A2NB65
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1917897

 
End of News EQS News Service

1917897  05.06.2024 CET/CEST

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