UK markets closed
  • NIKKEI 225

    27,819.33
    -180.63 (-0.65%)
     
  • HANG SENG

    19,610.84
    -392.60 (-1.96%)
     
  • CRUDE OIL

    91.94
    +1.44 (+1.59%)
     
  • GOLD FUTURES

    1,813.00
    +0.70 (+0.04%)
     
  • DOW

    33,271.36
    +496.95 (+1.52%)
     
  • BTC-GBP

    19,522.57
    +627.96 (+3.32%)
     
  • CMC Crypto 200

    563.18
    +31.96 (+6.02%)
     
  • ^IXIC

    12,821.48
    +327.55 (+2.62%)
     
  • ^FTAS

    4,150.68
    +21.29 (+0.52%)
     

Mutares SE & Co. KGaA: Mutares successfully completed the acquisition of Sealynx International and its subsidiaries from GMD Group

  • Oops!
    Something went wrong.
    Please try again later.
·3-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

DGAP-News: Mutares SE & Co. KGaA / Key word(s): Investment/Takeover
Mutares SE & Co. KGaA: Mutares successfully completed the acquisition of Sealynx International and its subsidiaries from GMD Group
11.07.2022 / 18:20
The issuer is solely responsible for the content of this announcement.

Mutares successfully completed the acquisition of Sealynx International and its subsidiaries from GMD Group

  • Add-on acquisition to SFC Solutions Group

  • Manufacturer of rubber and thermoplastic sealing solutions for passenger cars and commercial vehicles

  • Significant topline and cost synergies expected with the SFC Solutions Group

Munich, 11 July 2022 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Sealynx International and its subsidiaries from GMD Group.

Sealynx International is headquartered in Charleval, France, and has production sites in France, Morocco and Romania. The company is an important manufacturer and supplier of high-quality car static and dynamic sealings, with a competitive position in the market and an established business relationship with European OEMs. In 2021 the company generated revenues of more than EUR 60 million and employed over 700 people with recognized know-how.

With this add-on acquisition to SFC Solutions Group, the companies will create an important player for automotive sealings in Europe, serving a complementary customer base with a broad product range. Its industrial footprint will be a key lever to the competitiveness of the combined groups.

 

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.com), 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 at least EUR 4 billion are expected. Based on this, consolidated revenues are to be expanded to at least 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: ir@mutares.de
www.mutares.de

Contact Press
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

Contact for press inquiries in France
CLAI
Gaëtan Commault - gaetan.commault@clai2.com / +33 06 99 37 65 64
Antoine Szarzewski - antoine.szarzewski@clai2.com / +33 07 72 45 47 80


11.07.2022 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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:

ir@mutares.de

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:

1394551


 

End of News

DGAP News Service

show this
show this
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting