DGAP-News: Industrial holding Mutares submits binding offer to acquire a logistics subsidiary of ÖBB
DGAP-News: Mutares SE & Co. KGaA
/ Key word(s): Private Equity/Takeover
Industrial holding Mutares submits binding offer to acquire a logistics subsidiary of ÖBB
Munich, October 18, 2019 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) today made a notarized, binding offer to acquire the business of Q Logistics GmbH, a logistics subsidiary of Austrian Federal Railways (Oesterreichische Bundesbahnen - Holding Aktiengesellschaft). Q Logistics is a provider of cross-border transport logistics and warehousing services with a nationwide network in Austria. The company is active in general cargo, charter and warehousing serving customers from various sectors, including food, pharmaceutical and fast-moving consumer goods (FMCG). In fiscal year 2018, Q Logistics had consolidated total sales, including the Czech subsidiary, of around EUR 250 million and a total of approx. 920 employees. The transaction still requires respective committee resolutions on the part of the seller, which are expected to be passed latest by the end of the month, as well as the acceptance of the notarized, binding offer by the seller. Mutares is a listed, long-term industrial holding company that focuses, among other things, on the acquisition of group spin-offs with operational improvement potential. Mutares relies on the expertise of its own consulting team with many years of industry and functional expertise. As an established industrial holding company, Mutares drives the development of the company together with the current management team and pursues an active profitability and growth strategy. For Mutares, this acquisition would be the eighth transaction in the current financial year and would accelerate the expansion in the promising Services segment. The transaction underlines the high transaction momentum of Mutares in 2019 and marks the start of the year-end rally. "With the possible takeover of the business of Q Logistics, we would acquire a promising Austrian company for our Goods & Services segment. The company has a high degree of recognition, significant value potential based on the know-how of its employees, best-in-class logistics expertise and a sustainable, stable and expandable customer network. We are convinced that with our operational team of industry experts we can support the sustainable profitable growth of Q Logistics and look forward to welcoming such an attractive platform investment into our portfolio after approval by the seller", says Robin Laik, CEO of Mutares. Company profile of Mutares SE & Co. KGaA For further information: Mutares SE & Co. KGaA
18.10.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | [email protected] |
Internet: | www.mutares.de |
ISIN: | DE000A2NB650 |
WKN: | A2NB65 |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Frankfurt (Scale), Stuttgart, Tradegate Exchange |
EQS News ID: | 892453 |
End of News | DGAP News Service |
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892453 18.10.2019
Mutares SE & Co. KgaA Aktie
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