Mutares has successfully completed the acquisition of Cikautxo Rubber Plastic Components (Kunshan) Co., Ltd. from CIKAUTXO S.COOP. 

Specialist in the development and production of rubber and plastic components for automotive and household appliance industries New add-on investment to strengthen the SFC Group, part of Amaneos First deal from Shanghai office right after the office opening

Munich, June 17, 2024 – Mutares SE Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of CIKAUTXO Rubber Plastic Components (Kunshan) Co., Ltd. (“Cikautxo China”) from CIKAUTXO S.COOP. The company will join the SFC Group, part of Amaneos, as a new add-on investment, strengthening the group’s presence in the market as global partner for plastic-based systems for the automotive industry and the Automotive Mobility segment of Mutares.

Established in 2011, Cikautxo China is a specialist in developing and producing rubber and plastic components for the automotive and household appliance industry, such as fluid-conducting, vibration-damping and sealing components, door seals, and inlet and outlet bellows for washing machines. The company supplies its broad product range to a wide range of blue-chip automotive customers such as Daimler, Ford, Geely and Volvo and household appliance customers such as BSH and Haier. Headquartered in Kunshan, Jiangsu province, China, the company generated revenues of approx. EUR 13 million in 2023 with significant growth potentials.

With Cikautxo China, SFC Group gets a footprint that can serve immediately for the production of business already awarded in the past. The aim is to further expand the manufacturing footprint of SFC Group in Asia and provide better support to our existing customers and exploit new market opportunities as well. SFC Group offers fluid transfer systems, lightweight fluid products, and sealing solutions for the automotive industry. Amaneos is a global partner for automotive manufacturers based in Frankfurt am Main, Germany, with more than 30 sites worldwide and a network of manufacturing and development facilities.

 

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

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