Corporate | 24 August 2009 10:55
Mutares AG / Mergers & Acquisitions/Acquisition Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Today, mutares AG, Munich, acquires Diehl Elastomertechnik GmbH and its subsidiaries from the Diehl Group, Nürnberg. Diehl Elastomer designs, manufactures and distributes rubber components mainly for the automotive industry and occupies 200 employees at locations in Germany, Portugal and Slovakia. With this transaction the Diehl Group intends to focus more on its core business. Diehl Elastomer has established long-term relationships with major OEMs and first-tier suppliers. With a strong focus on new technologies the company plays an important role already during the design process of new cars. Looking at the company's future Dr. Axel Geuer, founder and member of the executive board of mutares, says: 'Diehl Elastomer can rely on their profound technological capabilities resulting in an attractive economic potential which we will build on and enlarge going forward. Therefore, we are excited about the successful conclusion of this transaction with the Diehl Group in Nürnberg.' mutares AG, Munich (www.mutares.de), acquires midsized companies in whole and in part, which are sold as a result of a repositioning process at their owners and which exhibit a clear operational improvement potential. Getting engaged with their own teams, mutares actively supports their portfolio companies to generate a significant value increase. The focus of the operational work is to ensure sustainable, long-term growth. The stocks of mutares AG are listed at the Open Market segment of the Frankfurt stock exchange (symbol: MUX, ISIN: DE000A0SMSH2). For further information, we gladly receive your request at: mutares AG Susanne Staudt Investor Relations & Corporate Communications Tel: +49 89 9292776-0 Fax: +49 89 9292776-22 info@mutares.de 24.08.2009 Financial News transmitted by DGAP ----------------------------------------------------------------------