DGAP-News: Industrial holding Mutares successfully completes acquisition of Q Logistics, a subsidiary of ÖBB
DGAP-News: Mutares SE & Co. KGaA
/ Key word(s): Private Equity/Takeover
Industrial holding Mutares successfully completes acquisition of Q Logistics, a subsidiary of ÖBB
Munich/Vienna, 19 December 2019 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) successfully completed the acquisition of the business of Q Logistics GmbH, a logistics subsidiary of Oesterreichische Bundesbahnen - Holding Aktiengesellschaft (ÖBB), on Wednesday. The transaction underlines the excellent positioning and expertise of Mutares as a partner of established groups for takeovers of carve-outs with operational improvement potential. Q Logistics has achieved an excellent position in the general transport logistics and warehousing sector with a nationwide network in Austria and generated sales of EUR 250 million last year. Building on this, Mutares will work together with the local management and team on the implementation and further development of a value enhancement program after the takeover. "We are convinced that in Mutares, an industrial holding company, we have found an experienced, long-term, entrepreneurial partner for Q Logistics. Mutares has the necessary expertise and experience to ensure the successful development of Q Logistics and to implement a sustainable concept with the management", says Mag. Arnold Schiefer, member of the board (CFO ÖBB). Company profile of Mutares SE & Co. KGaA For further information: Mutares SE & Co. KGaA Contact Press
19.12.2019 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: | 939819 |
End of News | DGAP News Service |
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939819 19.12.2019
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