Ad-hoc | 23 November 2016 00:28
mutares AG / Key word(s): Takeover/Expansion
23.11.2016 00:28
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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mutares entered into an agreement to acquire the international equipment
manufacturer Balcke-Dürr from SPX Corporation. Balcke-Dürr
manufactures components for energy efficiency and the reduction of
emissions in the chemical and power generating industry. With its
experience of more than 130 years, the company offers groundbreaking
solutions, ranging from standard modules to complete thermal systems. In
2015, the company generated revenues of EUR 142m with 650 employees.
Headquartered in Germany, the company has engineering and production sites
in Germany, Italy, Poland, Hungary, China, and India.
Balcke-Dürr will be part of mutares' engineering & technology segment in
which mutares experiences attractive market dynamics. Hence, mutares will
further invest in this segment and is convinced that Balcke-Dürr will be an
ideal platform investment being a renowned brand in the industry. The
acquisition is conditioned upon satisfaction of German competition filing
requirements. The closing of the transaction is expected to take place
before the end of the year.
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
23.11.2016 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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