Mutares

Last updated
Mutares SE & Co. KGaA
Type Aktiengesellschaft
FWB:  MUX
Founded2008
Headquarters Munich, Germany
Key people
  • Robin Laik, CEO
  • Mark Friedrich, CFO
  • Kristian Schleede, COO
  • Wolf Cornelius, CRO
  • Volker Rofalski chairman
Revenue€865 million (2018)
Number of employees
4,782 (2018)
Website www.mutares.com

Mutares SE & Co. KGaA (styled Mutares) is a German based holding company that acquires medium-sized companies in turn around situations by internal restructure to promote success. [1]

Contents

Portfolio

Since its establishment in 2008, Mutares has acquired more than 25 companies and carried out several divestments. As of January 2019, the company holds 10 independent portfolio companies headquartered in Europe, with sites in Asia, Africa and the Americas. The company portfolio is divided into three segments: Automotive and Mobility, Engineering and Technology and Goods and Services. [1]

Bankruptcies and Liquidations

Various Mutares Portfolio Companies had to file for bankruptcy or have been liquidated: [2] [3] [4] [5] [6] [7] [8] [9] [10]

Company sales

The following portfolio companies had been sold off: [12] [13] [14] [15] [16] [17] [18] [19] [20] [21]

Shares

Mutares SE & Co. KGaA shares have been traded in the Entry Standard of the Frankfurt Stock Exchange since May 2014. [24] Mutares has a market capitalization of around €300 million.

Development of the Mutares Group

Mutares was founded in 2008 by Axel Geuer and Robin Laik in Munich. In 2013, the Mutares Group achieved nine-year sales of €347 million with nine investments. In fiscal 2012, the financial year was changed to the calendar year. Until the short financial year 2012, the financial year ran from April to March. In addition to its headquarters in Munich, Mutares also has offices in London (UK), Paris (France) and Milan (Italy). [25]

Development of the Mutares Group
 2008/
2009 [26] 		2009/
2010 [27] 		2010/
2011 [28] 		2011/
2012 [29] 		2012* [30] 2013 [31] 2014 [32] 2015201620172018 [33]
Revenue(million €)661128159301347648684648900856
Portfolio Companies275111191112111110

 * Short fiscal year from April until December.

Company Approach

Mutares acquires low-income companies or parts of companies that no longer belong to the core business of a group and are therefore removed or for which a sale makes sense in the course of corporate succession. [34]

Portfolio Companies

Elastomer Solutions (2009)

The Elastomer Solutions Group designs, manufactures and distributes moulded rubber parts for the automotive industry.

The group's main product is grommets for protecting wiring looms in automotive on-board electrical systems, such as between vehicle doors and the body. Elastomer supplies these products to customers such as Daimler, Renault, Ford, Opel and Volvo.

Elastomer employs approximately 470 people at a total of six locations in Germany, Portugal, Slovakia, Morocco and Mexico.

The Elastomer Solutions Group was acquired from the Diehl Group in August 2009. [35]

Klann Packaging (2011)

Klann is a manufacturer of tinplate packaging.

Klann develops and produces promotional and sales packaging from printed tinplate. Among its customers are well-known manufacturers of branded products and retailers from a range of sectors.

Klann operates from its headquarters in Landshut, where it employs roughly 100 people.

Mutares acquired the Decorative business of the HUBER Packaging Group in June 2011 and renamed it KLANN Packaging. [36]

Eupec (2012)

Eupec is a provider of coatings for oil and gas pipelines.

Eupec has three facilities in the Dunkirk area of France, home to roughly 70 employees.

Eupec was acquired from Indonesia's Korindo Group in January 2012. [37]

STS Acoustics (2013)

The STS Group designs and manufactures acoustic and thermal insulation in the engine and passenger compartments of vehicles, as well as interior and exterior trim parts for light and heavy-duty trucks and lorries.

STS is one of the suppliers to customers such as Daimler, MAN, Scania and Volvo for trucks and passenger car manufacturers such as Alfa Romeo, Fiat, Jeep, Ferrari and Maserati.

Following the successful completion of various add-on acquisitions the STS Group now operates at a total of 16 plants on four continents and currently employs around 2,450 people in total.

Mutares acquired the company from the Autoneum Group in July 2013. [38]

Norsilk (2015)

Norsilk is a French manufacturer and dealer of wooden panelling and flooring.

Norsilk designs a range of wooden products for gardens and building panelling. Norsilk has a diversified customer structure in the DIY outlet, wholesale and industrial segments.

Norsilk has a total of approximately 110 employees working at its facility in Boulleville.

Mutares acquired the Finnish Metsä Group's wood business in France in October 2015. [39]

Balcke-Dürr (2016)

Balcke-Dürr is a manufacturer of power station components and filter systems.

Balcke-Dürr produces components for improving energy efficiency and reducing emissions in the energy industry.

In addition to its corporate headquarters in Düsseldorf, the company operates development centres and production facilities in Germany, Italy, Poland, China and India and employs a total of around 620 people.

Mutares acquired international equipment manufacturer Balcke-Dürr from the US-based SPX Corporation in December 2016. [40]

Cenpa (2016)

Cenpa is a manufacturer of cardboard made from waste paper.

Cenpa is an independent producer of cardboard, and its products are used primarily for tubes, particularly in the hygiene, industrial and packaging sectors.

Cenpa has been based in Schweighouse in Alsace, France, since 1893, and employs around 85 people there.

Mutares acquired Sonoco Paper France from the US-based Sonoco Products Company in May 2016 before returning the historic name of Cenpa to it shortly thereafter. [41]

La Meusienne (2017)

La Meusienne is a manufacturer of corrosion-resistant stainless steel tubes.

The company has a factory in Ancerville and a distribution centre in Annecy, France, where it has around 170 employees.

Mutares acquired the steel pipe business of the international Aperam Group in April 2017 and returned the traditional name of La Meusienne to the company. [42]

Donges Group (2017)

Donges Group is a leading full-service provider for bridge and steel constructions as well as roof and facade systems.

Donges Group comprises Donges SteelTec GmbH, one of Germany's steel construction and bridge construction companies and Kalzip Group, a manufacturer of Aluminium roof and facade systems, as well as Normek Oy, one of the companies for structural steelwork and facade in northern Europe and FDT FlachdachTechnologie, a German manufacturer for flat roof systems. The Group has locations in Germany, France, Spain, Italy, UK, Finland, Sweden, Singapore, India and Dubai.

The combined product portfolio of Donges, Kalzip, Normek and FDT comprises steel bridges for road, rail and footway construction, engineering and industrial steel construction for buildings, aluminium roof and facades for new projects or refurbishments, as well as structural steelwork, facades made of glass and flat roof systems.

Recent reference projects include the Danube Bridge in Linz, the launch table for the Ariane 6 rocket for ESA, the roof refurbishment of Wembley Stadium in London and the partial construction of the logistics and ferry terminal in Lübeck.

Mutares acquired the bridge and building construction specialist Donges SteelTec from Japanese Mitsubishi Hitachi Power Systems in October 2017. Kalzip Group was acquired by Donges Group as a strategic add-on in October 2018 from Tata Steel Europe. The add-on Acquisition of Normek Oy was finalized in February 2019 and was bought from Intera Fund I Ky and private shareholders. In March 2019 the FDT was acquired as third strategic add-on for the Group from a private holder. [43]

Gemini Rail Group (2018)

Gemini Rail Services UK and Gemini Rail Technology UK form the Gemini Rail Group, a provider of a wide range of component and vehicle overhaul services to rolling stock owners and train operating companies across the UK and Ireland.

The group is specialized in vehicle overhaul, refurbishment, modernization, upgrading, incident repairs and wheelset overhaul as well as a globally active integrator of electrical traction systems to leading rail vehicle owners. Furthermore, it offers engineering consulting like turnkey solutions for refurbishment and modernization for domestic and international rolling stock providers, as well as project management and system integration.

In the UK, Gemini Rail Group operates from Birmingham, Wolverton and Springburn with approx. 700 employees.

Glasgow Works (2018)

Mutares acquired the group in November 2018 from brake specialist Knorr-Bremse. [44]

EFACEC (2023)

Mutares acquired the Portuguese state-owned company EFACEC in 2023. [45]

Related Research Articles

Assa Abloy AB is a Swedish conglomerate whose offerings include products and services related to locks, doors, gates, and entrance automation. Related products and services include controlling access and confirming identities with keys, cards, tags, mobile, and bio-metric identity verification systems.

<span class="mw-page-title-main">Capgemini</span> French multinational corporation

Capgemini SE is a French multinational information technology (IT) services and consulting company, headquartered in Paris, France.

Edel SE & Co. KGaA is a German independent media company based in Hamburg. As a label and publishing group, it also operates marketing and sales for artists and smaller music labels. The repertoire of the Edel labels includes dance, rock and pop music to classical music and a children's catalogue. In addition to the development and marketing of music, the group also deals with the production, logistics and distribution of CDs, DVDs, vinyls, and books at the production site of the subsidiary optimal media GmbH in Röbel/Müritz as well as with services in the online and book business.

Fresenius SE & Co. KGaA is a European multinational health care company based in Bad Homburg vor der Höhe, Germany. It provides products and services for dialysis in hospitals, as well as inpatient and outpatient medical care. The company is involved in hospital management and in engineering and services for medical centers and other health care facilities.

<span class="mw-page-title-main">Henkel</span> German consumer goods company

Henkel AG & Co. KGaA, commonly known as Henkel, is a German multinational chemical and consumer goods company headquartered in Düsseldorf, Germany.

Sigma-Aldrich is an American chemical, life science, and biotechnology company owned by the multinational chemical conglomerate Merck Group.

<span class="mw-page-title-main">ProSiebenSat.1 Media</span> German mass media company

ProSiebenSat.1 Media SE is a German mass media & digital company. It operates in three segments: Entertainment, Dating and Commerce & Ventures. The company is listed on the Frankfurt Stock Exchange.

<span class="mw-page-title-main">SGL Carbon</span> German manufacturing company

SGL Carbon SE is a European company based in Germany. It is one of the world's leading manufacturers of products from carbon.

<span class="mw-page-title-main">United Internet</span> German internet services company

United Internet AG is a global Internet services company headquartered in Montabaur, Rhineland-Palatinate, Germany. The company is structured in two business areas, Access and Applications, and has a total of 16 brands and numerous subsidiaries. The well-known brands under the umbrella of United Internet AG include 1&1, IONOS, Fasthosts, GMX, WEB.DE and 1&1 Versatel.

<span class="mw-page-title-main">Körber</span>

Körber AG is a strategic management holding company based in Hamburg. In 2020, the group had approximately 10,000 employees at more than 100 locations worldwide and generated sales of €1.76 billion.

<span class="mw-page-title-main">Ulf Mark Schneider</span> German-American businessperson

Ulf Mark Schneider is a German-American businessman, and the CEO of Nestlé. He is the former CEO of the healthcare group Fresenius SE.

<span class="mw-page-title-main">Peugeot Motocycles</span>

Peugeot Motocycles is a French manufacturer of scooters and small motorcycles. Since February 2023, the company has been controlled by the German holding company Mutares.

<span class="mw-page-title-main">Certina Holding</span>

Certina Holding AG is a holding company for niche manufacturers, specialised construction and IT companies with its headquarters in Grünwald near Munich in Germany, growing organically and through acquisitions.

Primetals Technologies Limited, is an engineering and plant construction company headquartered in London, United Kingdom, with numerous locations worldwide. It serves clients in the metals industry, both the ferrous and the nonferrous metals sector. It was established as a joint venture between Siemens VAI Metals Technologies and Mitsubishi-Hitachi Metals Machinery in 2015. As of 2020, Primetals Technologies is a joint venture of Mitsubishi Heavy Industries and partners.

<span class="mw-page-title-main">HanseYachts</span>

HanseYachts AG is a German yacht manufacturer headquartered in the city of Greifswald. The company is one of the world's largest manufacturers of sailing yachts with lengths of 29 ft to 67 ft. The company offers monohull sailboats under the Hanse, Dehler and Moody brands. Motorboats are sold under the Fjord and Sealine brands. HanseYachts is cooperating with the yacht designers Patrick Banfield, Berret-Racoupeau, Bill Dixon and Judel/Vrolijk & Co.

<span class="mw-page-title-main">Röchling Group</span>

Röchling SE & Co. KG is a plastics engineering company headquartered in Mannheim, Baden-Württemberg, Germany. The company has three divisions: Industrial, Automotive and Medical. Currently Röchling employs 11,245 people in 90 locations across 25 countries, with annual sales of €2.207 billion in 2021.

Aurelius Group is an investment company with offices in five European countries.

SeAH Holdings is a South Korean diversified holding company. Headquartered in Seoul, South Korea, it was split from SeAH Steel Corporation in 2001. Lee Tae-sung is its CEO.

References

  1. 1 2 "Portfolio Companies" (PDF). Archived from the original on 2014-07-14. Retrieved 2014-06-30.
  2. ↑ Petra Ebeling (2018-09-04). "Zanders GmbH: Insolvenzverfahren eröffnet". www.print.de.
  3. ↑ "Investorenprozess geht in die entscheidende Phase". www.labelpack.de. 2018-10-11.
  4. ↑ "Zanders macht weiter – als Zanders Paper GmbH". In-gl.de. 2018-11-29.
  5. ↑ "Pixmania: Umsatz sinkt auf 213 Mio. Euro, Verkauf möglich". Neuhandeln.de. 2015-04-17.
  6. ↑ "Elektronik-Handel: Pixmania beantragt Sanierungsverfahren". Neuhandeln.de. 2015-11-04.
  7. ↑ Matthias Hell (2016-02-11). "Pixmania hat einen neuen Besitzer". www.channelpartner.de.
  8. ↑ "Platinum GmbH aus Wangen geht in die vorläufige Insolvenz". Proteus-solutions.de. 2014-03-07.
  9. ↑ "Platinum zieht sich komplett aus Wechselrichter-Geschäft zurück". www.pv-magazine.de. 2014-08-06.
  10. ↑ Sandra Enkhardt (2015-12-10). "Neuer Investor für insolventes Wechselrichter-Unternehmen Platinum". www.pv-magazine.de.
  11. ↑ "Artmadis : 198 licenciements après la liquidation du spécialiste des arts de la table (Artmadis: 198 Entlassungen nach Liquidation des Geschirrspezialisten)". France3-regions.francetvinfo.fr (in French). 2018-07-05.
  12. ↑ Eva Brendel (2021-03-11). ""Rekord-Deal" für Mutares". www.finance-magazin.de.
  13. ↑ Robin Lowe (2020-05-15). "Mutares: Der nächste Exit-Deal". www.4investors.de.
  14. ↑ Michael Barck (2017-04-26). "Mutares trennt sich von Fertigungstechnik Weißenfels". www.4investors.de.
  15. ↑ "Mutares verkauft Geesinknorba". www.4investors.de. 2017-09-13.
  16. ↑ "Mutares trennt sich von A+F Automation+Fördertechnik". www.nebenwerte-magazin.com. 2017-12-14.
  17. ↑ Stephan Randler (2016-02-08). "Elektronik-Handel: Pixmania wird erneut verkauft". neuhandeln.de.
  18. ↑ Stephan Randler (2017-08-03). "Elektronik-Handel: Grosbill wechselt erneut den Besitzer". neuhandeln.de.
  19. ↑ "Entry Standard – Mutares verkauft Suir Pharma Ireland". www.nebenwerte-magazin.com. 2015-06-24.
  20. ↑ Aroun Benhaddou (2015-05-18). "Le munichois Mutares sort de SN CGVL" (in French). capitalfinance.lesechos.fr.
  21. ↑ "Mutares verkauft Furnierverarbeiter HIB". www.euwid-holz.de. 2013-05-06.
  22. ↑ "Mutares SE & Co. KGaA: Mutares schließt die Übernahme des Nexive-Geschäfts des italienischen Postmarktes von PostNL erfolgreich ab". Mutares. 2020-07-01.
  23. ↑ "Mutares: "Wir sehen hier riesiges Shareholder-Value-Potenzial"". www.finanzen.net. 2021-02-01.
  24. ↑ "Mutares SE & Co. KGaA moves to the Entry Standard and sets subscription price for the capital increase". DGAP-News. Retrieved 2014-06-30.
  25. ↑ "Unternehmen | Mutares". mutares.de. Retrieved 2019-05-03.
  26. ↑ "Annual Report 2008/2009" (PDF). Mutares SE & Co. KGaA. Archived from the original (PDF) on 2011-10-18. Retrieved 2014-06-30.
  27. ↑ "Annual Report 2009/2010" (PDF). Mutares SE & Co. KGaA. Archived from the original (PDF) on 2016-03-03. Retrieved 2014-06-30.
  28. ↑ "Annual Report 2010/2011" (PDF). Mutares SE & Co. KGaA. Archived from the original (PDF) on 2014-07-14. Retrieved 2014-06-30.
  29. ↑ "Annual Report 2011/2012" (PDF). Mutares SE & Co. KGaA. Archived from the original (PDF) on 2014-07-14. Retrieved 2014-06-30.
  30. ↑ "Annual Report 2012" (PDF). Mutares SE & Co. KGaA. Archived from the original (PDF) on 2014-07-14. Retrieved 2014-06-30.
  31. ↑ "Annual Report 2013" (PDF). Mutares SE & Co. KGaA. Archived from the original (PDF) on 2015-05-01. Retrieved 2014-06-30.
  32. ↑ "Annual Report 2014" (PDF). Mutares SE & Co. KGaA. Archived from the original (PDF) on 2016-04-10. Retrieved 2014-06-30.
  33. ↑ "Annual Report" (PDF).
  34. ↑ "Company Approach".
  35. ↑ "Elastomer Solutions".
  36. ↑ "KLANN".
  37. ↑ "EUPEC".
  38. ↑ "STS".
  39. ↑ "Norsilk".
  40. ↑ "Balcke-Dürr".
  41. ↑ "Cenpa".
  42. ↑ "La Meusienne".
  43. ↑ "Donges Group".
  44. ↑ "Gemini Rail Group".
  45. ↑ Soares, Rosa (2023-06-07). "Efacec vendida à alemã Mutares, que derrotou portuguesas Visabeira e Sodecia". PÚBLICO (in Portuguese). Retrieved 2023-06-07.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.