Ad-hoc | 18 November 2016 08:55
mutares AG / Key word(s): Expansion/Takeover
18.11.2016 08:55
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Ad-hoc: mutares makes a binding offer to acquire the truck supplier
business of the Plastic Omnium Group
Disclosure of an inside information according to Article 17 MAR
mutares AG has made a binding offer to acquire the truck supplier business
of the Plastic Omnium Group. The business division 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. The product portfolio encompasses exterior components
and modules for truck cabins. All major European truck manufacturers belong
to the customer base.
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 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.
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
18.11.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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 Announcement DGAP News-Service
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