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DGAP-News: Mutares SE & Co. KGaA / Key word(s): Investment/Takeover
Mutares successfully completed the acquisition of Sealynx International and its subsidiaries from GMD 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
Contact for press inquiries in France
11.07.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
Mutares SE & Co. KGaA
+49 (0)89-9292 776-0
+49 (0)89-9292 776-22
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
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