08.03.2018 10:23:56

DGAP-News: mutares AG

DGAP-News: mutares AG considers exit options for German commercial vehicle supplier STS Group

DGAP-News: mutares AG / Key word(s): Miscellaneous
Mutares AG considers exit options for German commercial vehicle supplier STS Group

08.03.2018 / 10:23
The issuer is solely responsible for the content of this announcement.


Mutares AG considers exit options for German commercial vehicle supplier STS Group

Munich, 08 March 2018 - Investment company Mutares AG (ISIN: DE000A0SMSH2), listed on the Scale 30 index at Frankfurt Stock Exchange, is considering the sale or IPO of its portfolio company STS Group AG for this year.

About STS Group
Munich-based STS Group is a global market leader and supplier to the commercial vehicle industry. The company specializes in the manufacture of innovative SMC, thermal insulation and acoustic components. SMC technology is used in electromobility especially in the field of light vehicle construction and can efficiently replace metal components. STS has a strong footprint in China, Europe, Mexico and Brazil. The customer portfolio includes major European and Chinese truck OEMs as well as highly specialized car manufacturers.

Further growth of the STS Group
With a possible (partial) exit of the STS Group, Mutares can confirm the success of the buy-and-build strategy for successfully realigned portfolio companies. The objective for the STS Group is to further expand its strong position as a leading and globally positioned supplier to all major commercial vehicle OEMs and to promote innovations in the field of e-mobility and autonomous driving," says Robin Laik, CEO of MUTARES AG.

Company profile of Mutares AG
Mutares AG, Munich (www.mutares.de), acquires medium-sized companies and parts of groups that are sold during a repositioning and have a clear potential for operational improvement. Mutares actively supports develops its portfolio companies with its own investment and operational professionals as well as through acquisitions of strategic add ons. The aim is to achieve a significant increase in value focusing on sustainable growth of the portfolio company. Mutares AG shares are traded on the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A0SMSH2).

For further information, please contact:

Mutares AG
Soh-Pih Mariette Nikolai
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
ir@mutares.de
www.mutares.de



08.03.2018 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 AG
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: DE000A0SMSH2
WKN: A0SMSH
Listed: Regulated Unofficial Market in Berlin, Frankfurt (Scale), Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

661703  08.03.2018 

fncls.ssp?fn=show_t_gif&application_id=661703&application_name=news&site_id=smarthouse

Nachrichten zu Mutares AGmehr Nachrichten

Keine Nachrichten verfügbar.

Analysen zu Mutares AGmehr Analysen

11.06.24 Mutares Buy Warburg Research
04.06.24 Mutares Buy Warburg Research
Eintrag hinzufügen
Hinweis: Sie möchten dieses Wertpapier günstig handeln? Sparen Sie sich unnötige Gebühren! Bei finanzen.net Brokerage handeln Sie Ihre Wertpapiere für nur 5 Euro Orderprovision* pro Trade? Hier informieren!
Es ist ein Fehler aufgetreten!