Corporate | 27 December 2011 09:00
|
Mutares AG / Key word(s): Acquisition/Private Equity
mutares acquires the logistics company SN CGVL mutares AG, Munich, has acquired the division SN CGVL of the French Star's Service group on December 22, 2011. SN CGVL (Société Nouvelle Compagnie Générale de Voitures de Lyon) is an industrial vehicle and driver rental company in France. The company with headquarter in Lyon has achieved in 2011 a turnover of approximately EUR 40 million and has over 600 employees. SN CGVL was already founded in 1906 and is very well established in the French market. Over the last years the company's fleet has been continuously modernized through extensive investments. With the sale of SN CGVL Star's Service group refocuses on its core competence in the delivery over the "last mile". Robin Laik, founder and member of the executive board of mutares AG, says about the future development of SN CGVL: "Due to the good customer relations and the high quality of service, we see significant growth potential for SN CGVL in the French market. mutares is happy about the successful closing of the contract." 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 its own teams, mutares actively supports its portfolio companies to generate 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 Berlin stock exchange (symbol: MUX, ISIN: DE000A0SMSH2). For further information please contact:
mutares AG
End of Corporate News 27.12.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| 150972 27.12.2011 |