DGAP-News: Mutares AG: Keeping up the momentum - Mutares completes acquisition of ArcelorMittal TrefilUnion SAS

DGAP-News: Mutares AG: Keeping up the momentum - Mutares completes acquisition of ArcelorMittal TrefilUnion SAS

WKN: A2NB65 ISIN: DE000A2NB650 Mutares AG

10,12 EUR
0,08 EUR 0,80 %
19.07.2019 - 11:53
03.06.2019 07:30:07

DGAP-News: Mutares AG / Key word(s): Private Equity/Takeover
Mutares AG: Keeping up the momentum - Mutares completes acquisition of ArcelorMittal TrefilUnion SAS

03.06.2019 / 07:30
The issuer is solely responsible for the content of this announcement.


Keeping up the momentum - Mutares completes acquisition of ArcelorMittal TrefilUnion SAS

  • Mutares France completes acquisition of a new platform investment announced in April 2019
  • Company with annual sales of EUR 42 million
  • Products focused on steel wire and ropes for construction and automotive
  • Acquisition will strengthen portfolio segment Goods & Services

Munich/ Paris, June 3, 2019 - Special situation investor Mutares (ISIN: DE000A2NB650) has completed the acquisition of ArcelorMittal TrefilUnion SAS (TrefilUnion), a company with two plants in France, from Luxemburg group ArcelorMittal. The transaction represents one of already five transactions and one of two new platform acquisitions in 2019 for Mutares.

TrefilUnion is active in the fabrication of products from different kinds of steel. It produces wires and steel ropes with a product portfolio ranging from thin spring wire for the automotive market to heavy specialties for bridges and the pre-stressed concrete market. TrefilUnion serves customers from various industries, including the energy, construction, household, agriculture, or automotive industries. The company employs around 100 people in its two French plants and generated revenues of EUR 42 million in 2018. TrefilUnion will be led in the Goods & Services segment in the portfolio of Mutares.

"We are proud to welcome TrefilUnion as new addition to our portfolio. It complements ideally our Goods & Services segment and possesses ideal potential for our operational experts. We are convinced to be the perfect partner for its future successful development. For Mutares, the closing of this transaction confirms our strong outlook on this year. We are confident to also make 2019 a highly successful year for Mutares", comments Robin Laik, CEO of Mutares.
 

Company profile of Mutares AG

Mutares AG, Munich (www.mutares.de), acquires medium-sized companies and parts of groups with headquarter in Europe that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company. In 2018, Mutares' portfolio companies generated consolidated revenues of EUR 865 million and employed more than 4,700 people worldwide. The shares of Mutares AG are listed on Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: DE000A2NB650).

For more information:

Mutares AG
Corinna Lumpp
Manager Investor Relations & Strategy
Tel. +49 89 9292 7760
Email: ir@mutares.de
www.mutares.de

Press Contact
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel. +49 89 1250 90330
Email: sh@crossalliance.de
www.crossalliance.de



03.06.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Mutares AG
Arnulfstr.19
80335 Munich
Germany
Phone: +49 (0)89-9292 776-0
Fax: +49 (0)89-9292 776-22
E-mail: ir@mutares.de
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: 817453

 
End of News DGAP News Service

817453  03.06.2019 

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