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

MANN+HUMMEL Group completes sale of global high-performance plastic parts business to Mutares SE MANN+HUMMEL GmbH (MANN+HUMMEL) announced that it has completed the sale of its global high-performance plastic parts business to Mutares SE & Co. KGaA (Mutares). The business comprises products other than filtration and separation solutions have been transferred to Mutares on October 1, 2022. The carved-out business will operate under the new name Mol...

News  Updated at: 2022/10/05

Mutares, Germany completes acquisition of Cimos, Slovenia On September 14, Slovenia Business Development Agency announced that the German turnaround fund Mutares has completed the acquisition of Slovenian car parts maker Cimos and its subsidiaries from Italy's TCH Cogeme for an undisclosed sum. The fund's existing program from the “Automotive and Mobility” segment will now have access to Cimos's machinery and equipment at a competitive produc...

News  Updated at: 2022/09/15

MANN+HUMMEL Group sells plastic parts business to Mutares SE MANN+HUMMEL Group announced that it has signed an agreement to sell the global high-performance plastic parts business to Mutares SE & Co. KGaA. The business comprises products other than filtration and separation solutions, such as air intake manifolds, high-pressure air ducts, and fluid reservoirs. As part of the transaction, MANN+HUMMEL’s production facilities in Bad Harzburg, Sonn...

News  Updated at: 2022/06/01

Mutares, Germany to acquire Sealynx International from GMD Group On November 17, Mutares SE & Co. KGaA and the GMD Group entered into exclusive discussions for the acquisition of Sealynx International. Sealynx International is a supplier of high-quality car static and dynamic sealings, with a competitive position in the market and an established business relationship with European OEMs. The company generated revenues of approx. EUR 65 million in ...

News  Updated at: 2021/11/18

Adler Pelzer, Germany acquires Mutares’ shares of STS Group, creates plastics division On June 30, Adler Pelzer Group (APG) announced the successful closing of the acquisition of 73.25% shares of the listed company STS Group from its main shareholder Mutares after all antitrust clearances and other conditions have been cleared. This business which provides Plastics Solutions to “Hard Trim” is mainly located in Europe, China and Mexico, wit...

News  Updated at: 2021/07/05

Mutares sells majority stake in STS Group AG to Adler Pelzer  On March 11, Mutares SE & Co. signed a share purchase agreement with Adler Pelzer Holding GmbH, a company of the Adler Pelzer Group, for the sale of its entire majority shareholding in STS Group AG which represents approximately 73.25% of the share capital of STS Group AG.Mutares expects the transaction to be successfully completed in the first half of 2021. If the transaction closes,...

News  Updated at: 2021/03/16

Valmet Automotive successfully completes the sale of its engineering services business On November 16, Valmet Automotive announced that it now has successfully completed the sale of its Engineering Services business to Mutares SE & Co. KGaA, after having received the approval of the antitrust authorities. Valmet Automotive is now focusing its engineering efforts on Electric Vehicles battery systems, on roof and kinematic systems, as well as the m...

News  Updated at: 2020/11/17