Corporate | 18 November 2016 09:13
mutares creates global truck supplier
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DGAP-News: mutares AG / Key word(s): Expansion/Takeover
mutares AG (ISIN: DE000A0SMSH2) made a binding offer to acquire the truck supplying business of the Plastic Omnium Group. mutares thus creates a world leading truck supplier for cabin components with a total turnover of approximately EUR 400m and 2,700 employees in 15 plants. The truck supplying business of the Plastic Omnium Group consists of five plants in France, two in China and respectively one plant in Germany and Mexico with more than 1,500 employees in total. In 2015, the plants generated a turnover of EUR 190m with exterior components and modules for truck cabins. All major European truck manufacturers belong to the customer base. The plants are located in direct proximity to its customers. Combined with STS and the recent acquisition of the two plants of the Mecaplast Group, mutares creates a global truck supplier for cabin components with a total turnover of approximately EUR 400m and 2,700 employees in 15 plants. The new group will have locations in France, Italy, Germany, Poland, China and Mexico. The products complement each other and allow a variety of synergies and cross-selling opportunities. The binding offer is being studied by Plastic Omnium. In accordance with the French law, the offer is submitted to the works council for their position. Besides the expected dynamic organic growth of the new group, mutares works on further add-on acquisitions in the truck supplier industry in order to take over a leading role in the consolidation of the market. Thus, mutares follows stringently the Buy & Build approach, which significantly influences the sustainable development of the portfolio as well as the achievement of mutares’ ambitious growth targets. Company profile of Plastic Omnium Group Plastic Omnium is the world leader in automotive exterior components and modules, automotive fuel systems, and waste container solutions for local authorities and companies. The Group has 32,000 employees across 130 plants, 23 R&D centers and 31 countries worldwide. Company profile of mutares AG mutares AG, Munich (www.mutares.de), acquires companies, that are being sold in the course of a repositioning process at their owners and that show a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to achieve a clear value increase. The focus of the operational work is to ensure sustainable, long-term growth. The shares of mutares AG are traded in the Open Market of the Frankfurt Stock Exchange (Entry Standard) under the symbol MUX (ISIN: DE000A0SMSH2). For further information, please contact:
mutares AG
2016-11-18 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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| 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, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt | |
| End of News | DGAP News Service |