Mutares, Germany exits ownership in Steyr Motors, sells its 23% stake On November 20, Mutares SE & Co. KGaA successfully sold its remaining 23% stake in Steyr Motors AG to international institutional investors through a private placement. With this placement, Mutares has fully exited its ownership in Steyr Motors after the company’s listing in October 2024. In total, Mutares generated over EUR 170 million in gross proceeds during its investment...

News  Updated at: 2025/11/24

Hwaseung Corporation to sell 67% stake in its Chinese subsidiary -South Korea’s Hwaseung Corporation announced a plan to sell a 67% stake in its wholly-owned subsidiary in China, Hecheng Vehicle Parts (Taicang), to an investment firm in Germany, Mutares. Hecheng Vehicle Parts (Taicang) is a manufacturer of ceiling systems and fluid transfer systems based in Taicang, Jiangsu, China. The share transfer is scheduled to take place on December 31, 2...

News  Updated at: 2025/11/06

Mutares, Germany, to acquire majority stakes in HSR and HST from Hwaseung Corporation On October 28, Mutares SE & Co. KGaA entered into final negotiations with a Korean listed company, Hwaseung Corporation, to acquire 67% of the shares in Hwaseung Special Rubber (Taicang) Co., Ltd. (“HSR”) and Hwaseung Auto Parts (Taicang) Co., Ltd. (“HST”). Signing of the transaction is planned in the fourth quarter of 2025.  With two plants and a workf...

News  Updated at: 2025/11/03

Mutares completes acquisition of AUMOVIO’s drum brake plant in Italy On October 2, Mutares SE & Co. KGaA completed the acquisition of AUMOVIO’s drum brake production and R&D location in Cairo Montenotte (Italy). As part of the share deal, Mutares has taken over all employees and business activities. The transaction strengthens Mutares’ Automotive & Mobility segment as a new platform investment under the new name Zendra Systems. The plant is...

News  Updated at: 2025/10/06

AUMOVIO sells drum brake production and R&D site in Cairo Montenotte, Italy, to Mutares AUMOVIO SE (AUMOVIO), formerly the Automotive group sector of Continental, has completed the sale of its hydraulic drum brake production and R&D site in Cairo Montenotte, Savona, Italy, to Mutares SE & Co. KGaA. Signed on June 18, 2025, the transaction includes all employees and business activities, strengthening Mutares’ Automotive & Mobility segment. The d...

News  Updated at: 2025/10/03

Continental to sell drum brakes production and R&D site in Cairo Montenotte, Italy, to Mutares Continental AG’s Automotive group sector has signed an agreement to sell its drum brakes production and R&D site in Cairo Montenotte, Italy, to Mutares SE & Co. KGaA (Mutares). The transaction is expected to close in Q4/2025 after the listing of the Automotive group sector as independent company, Aumovio, in September 2025. The site, which specializes...

News  Updated at: 2025/06/19

Mutares, Germany completes acquisition of NBHX Trim Europe On June 2, Mutares SE & Co. KGaA completed the acquisition of NBHX Trim Europe from Ningbo Lawrence Automotive Interiors Co., Ltd., a subsidiary of Ningbo Huaxiang Electronic Co., Ltd. (NBHX). The company strengthens Mutares’ Automotive & Mobility segment and will complement the Matikon Group within Amaneos as an add-on acquisition. NBHX Trim Europe is a leading European supplier of dec...

News  Updated at: 2025/06/10

Mutares, Germany reduces stake in Steyr Motors, Austria On April 29, Mutares SE & Co. KGaA announced the partial sale of its shares in Steyr Motors, an Austrian manufacturer of diesel engines. Mutares, by mid-April 2025, reduced its ownership from 70.9% to around 40%. The company raised about EUR 74 million by selling shares to qualified investors and on the market. Based on Mutares press release...

News  Updated at: 2025/05/05

Mutares, Germany to acquire NBHX Trim Europe from Ningbo Lawrence Automotive Interiors On February 26, Mutares SE & Co. KGaA signed an agreement to acquire NBHX Trim Europe from Ningbo Lawrence Automotive Interiors Co., Ltd., a subsidiary of Ningbo Huaxiang Electronic Co., Ltd. (“NBHX”). The transaction strengthens Mutares’ Automotive & Mobility segment and will complement the Matikon Group within Amaneos as an add-on acquisition.  The tra...

News  Updated at: 2025/03/04

Mutares, Germany completes acquisition of Buderus Edelstahl GmbH from voestalpine On February 3, Mutares SE & Co. KGaA completed the acquisition of the business of Buderus Edelstahl GmbH from voestalpine AG. The company will strengthen the engineering and technology segment of Mutares as a new platform investment. Buderus Edelstahl GmbH is a producer of high-quality special steels with a focus on tool steel, engineering steel, open-die forgings, ...

News  Updated at: 2025/02/05

Mutares, Germany to acquire assets of S.M.A. Metalltechnik GmbH & Co. KG and its subsidiaries On October 24, Mutares SE & Co. KGaA signed an agreement to acquire the assets of S.M.A. Metalltechnik GmbH & Co. KG and its subsidiaries. The transaction is expected to close in Q4 2024.  Headquartered in Backnang, Germany, S.M.A. Metalltechnik specializes in the development and manufacturing of aluminum pipes, particularly for cooling media used in au...

News  Updated at: 2024/10/25

Mutares, Germany to acquire business of Buderus Edelstahl GmbH from voestalpine AG On October 23, Mutares SE & Co. KGaA signed an agreement to acquire the business of Buderus Edelstahl GmbH from voestalpine AG. It will strengthen the Engineering & Technology Segment of Mutares as a new platform investment.  The transaction is expected to close by the end of the fourth calendar quarter of 2024. Established in 1731, Buderus Edelstahl GmbH (“Bude...

News  Updated at: 2024/10/24

Mutares, Germany completes acquisition of fischer automotive, renames it Matikon On August 14, Mutares SE & Co. KGaA announced that it has completed the acquisition of fischer automotive systems GmbH & Co KG (fischer Automotive) from fischerwerke GmbH & Co KG. It will be renamed Matikon further to the acquisition. fischer Automotive will strengthen the “Automotive & Mobility” segment as a new platform investment. Fischer Automotive develops, ...

News  Updated at: 2024/08/14

Hirschvogel sells Hirschvogel Incorporated in Columbus, Ohio to Walor Hirschvogel Group has sold its Hirschvogel Incorporated in Columbus, Ohio (USA) to Walor, part of the FerrAl United Group and controlled by Mutares. The Columbus plant, founded in 1988, has faced losses for a long time. Walor will also take 320 employees working at this plant. Hirschvogel will serve the North American automotive market in the future via its other production sit...

News  Updated at: 2024/07/09

Mutares, Germany acquires Cikautxo Rubber & Plastic Components, China On June 17, Mutares SE & Co. KGaA completed the acquisition of CIKAUTXO Rubber & Plastic Components (Kunshan) Co., Ltd. (Cikautxo China) from CIKAUTXO S.COOP.  It will join the SFC Group, part of Amaneos, as a new add-on investment, strengthening the group’s presence in the market as a global partner for plastic-based systems for the automotive industry and the Automotive & ...

News  Updated at: 2024/06/24

Mutares, Germany to acquire fischer automotive systems GmbH On June 5, Mutares SE & Co. KGaA signed an agreement to acquire fischer automotive systems GmbH & Co KG (fischer Automotive) from fischerwerke GmbH & Co KG. The transaction is expected to be completed by the end of July 2024.  fischer automotive develops, produces, and sells kinematic components for vehicle interiors and exteriors, such as air vents, storage compartments, cup holders, a...

News  Updated at: 2024/06/06

Iveco Group and Mutares SE finalize ownership transfer of Magirus firefighting business On March 13, Iveco Group and Mutares SE & Co. KGaA, Germany signed an agreement for the transfer of ownership of Magirus GmbH and its firefighting business affiliates. Magirus, a manufacturer of firefighting vehicles and equipment, employs over 1,300 staff in Germany, Italy, France, and Austria. In 2023, Magirus contributed about 2% to Iveco Group revenues, re...

News  Updated at: 2024/03/14

Mutares forms FerrAl United Group, Germany, new company as global automotive supplier On September 5, Mutares SE & Co. KGaA announced FerrAl United. The newly founded holding company, headquartered in Frankfurt, Germany, will consolidate Mutares’ business for iron and aluminum-based castings and forgings as well as their machining under one roof. FerrAl United will operate at approximately 25 locations worldwide with more than EUR 1 billion in ...

News  Updated at: 2023/09/06

CIE Automotive sells its forging business in Germany to Mutares CIE Automotive S.A. announced the disposal of its forging business in Germany, selling it to Mutares SE & Co. KGaA with the aim of redirecting financial and management resources to higher return activities. 100% stake in (i) Schoeneweiss & Co. GmbH, (ii) Gesenkschmiede Schneider Gesellschaft mit beschränkter Haftung, (iii) Falkenroth Umformtechnik GmbH, and (iv) Jeco-Jellinghaus Ges...

News  Updated at: 2023/08/11

Mahindra, India sells controlling stake in Peugeot Motorcycles, France On November 10, Mahindra & Mahindra, and Mutares SE & Co. KGaA announced that Mutares has submitted an irrevocable binding offer to acquire 50% of equity and a controlling stake of 80% in Peugeot Motorcycles (PMTC). M&M remains a co-shareholder to support new product launches and the strong growth expected in the coming years. The closing of the transaction is expected in the ...

News  Updated at: 2022/11/11