DGAP-News: Mutares SE & Co. KGaA: Mutares platform Donges Group successfully completes the acquisition of Ruukki Building Systems
DGAP-News: Mutares SE & Co. KGaA
/ Key word(s): Takeover/Investment
Mutares platform Donges Group successfully completes the acquisition of Ruukki Building Systems - Donges Group has completed the acquisition of Ruukki Building Systems from SSAB Group - Donges Group annual revenue increasing close to EUR 400 million - Target group with annual revenues of approx. EUR 140 million - Add-on acquisition strengthens the market position of Donges Group in Northern Europe and opens up capacities in Eastern Europe Munich/Darmstadt, 30 April, 2020 - Donges Group, a 100% owned portfolio company of the Munich-based turnaround- investor Mutares (ISIN: DE000A2NB650), has completed the acquisition of Ruukki Building Systems, the Building Systems division of the Finnish Ruukki Construction, a subsidiary of SSAB Group. The transaction was signed in July 2019 and following the approval of the Finnish competition authorities, the transaction was successfully completed on 30 April, 2020. Ruukki Building Systems, headquartered in Helsinki, Finland, is one of the leading suppliers of building system solutions in Northern and Eastern Europe. The Company is a project business specializing in the design, manufacture and installation of building frame, envelope and bridge structures out of steel. Ruukki Building Systems operates four production sites in Finland, Poland and Lithuania. The company is able to deliver heavy steel structures and bridges as well as other type of steel and concrete frame structures to its customers. In 2019, the business recorded revenues of around EUR 140 million, a positive operational result and employed approx. 500 people. Company profile of SSAB Group Company profile of Donges Group
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30.04.2020 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, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange |
EQS News ID: | 1033729 |
End of News | DGAP News Service |
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1033729 30.04.2020
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