Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

EQS-News: Mutares has successfully completed the acquisition of Steyr Motors Betriebs GmbH and Steyr Motors Immo GmbH


EQS-News: Mutares SE & Co. KGaA / Key word(s): Takeover/Contract
Mutares has successfully completed the acquisition of Steyr Motors Betriebs GmbH and Steyr Motors Immo GmbH

30.11.2022 / 12:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


Mutares has successfully completed the acquisition of Steyr Motors Betriebs GmbH and Steyr Motors Immo GmbH

  • Strengthening the Engineering & Technology segment
  • Active in the area of development and production of engines for special purpose applications

Munich, 30 November 2022 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Steyr Motors Betriebs GmbH and Steyr Motors Immo GmbH from Thales Austria GmbH.

Steyr Motors is headquartered in Steyr, Austria, and currently employs around 130 people. The company specializes in the development and production of high-performance engines and auxiliary electric power units for special purpose applications in vehicles and boats. The high-performance engines that Steyr Motors manufactures are based on state-of-the-art technology and the company has a strong innovation pipeline. Steyr Motors aims to achieve sustainable growth through continuous further development of the products and expansion of the service offerings.

 

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.de), as a listed private equity holding company with offices in Munich (HQ), Amsterdam, Frankfurt, Helsinki, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires medium-sized companies in special situations, based in Europe, which show significant operational improvement potential and are sold again after undergoing a repositioning and stabilization process. For the financial year 2022, consolidated revenues of approx. EUR 4 billion are expected. Based on this, consolidated revenues are to be expanded to approx. EUR 7 billion by 2025. As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding. Accordingly, a net profit in the holding company in the range of EUR 125 million to EUR 150 million is expected for the financial year 2025. 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).

 

For more information, please contact:

Mutares SE & Co. KGaA
Investor Relations
Phone +49 89 9292 7760
E-mail: [email protected]
www.mutares.de

Contact Press
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone +49 89 125 09 0333
E-mail: [email protected]
www.crossalliance.de

 
Contact for press inquiries in France

CLAI
Gaëtan Commault - [email protected] / +33 06 99 37 65 64
Antoine Szarzewski - [email protected] / +33 07 72 45 47 80



30.11.2022 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.
Archive at www.eqs-news.com


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
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1499617

 
End of News EQS News Service

1499617  30.11.2022 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1499617&application_name=news&site_id=sharewise

Mutares SE & Co. KgaA Stock

€34.50
-0.290%
Mutares SE & Co. KgaA shows a slight decrease today, losing -€0.100 (-0.290%) compared to yesterday.
Mutares SE & Co. KgaA is currently one of the favorites of our community with 10 Buy predictions and no Sell predictions.
With a target price of 41 € there is a slightly positive potential of 18.84% for Mutares SE & Co. KgaA compared to the current price of 34.5 €.
Like: 0
Share
EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




Legal notice

Comments