DGAP-News Mutares SE & Co. KGaA: Mutares successfully completes the acquisition of Japy Tech SAS and Royal de Boer Stalinrichtingen B.V.
DGAP-News: Mutares SE & Co. KGaA / Key word(s): Investment/Takeover
Mutares successfully completes the acquisition of Japy Tech SAS and Royal de Boer Stalinrichtingen B.V.
- Strengthening the Engineering & Technology segment
- Company with revenues of around EUR 50 million
- Significant synergy potential between the two companies
Munich, 04 January 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Japy Tech SAS and Royal de Boer Stalinrichtingen B.V. from GEA.
The companies will strengthen the Engineering & Technology segment - under a newly created intermediate holding company of Mutares - as a new platform investment with revenues of approximately EUR 50 million. Japy Tech SAS employs around 115 people at its site in Dijon, France. Royal de Boer Stalinrichtingen B.V. also employs around 115 people at its site in Leeuwarden, Netherlands.
Both companies are active in the dairy industry. The French company Japy Tech SAS produces milk cooling tanks in Dijon. Royal De Boer Stalinrichtingen B.V. is a leading European supplier of barn technology based in Leeuwarden in the Netherlands. By combining the two companies under the newly created intermediate holding company, significant synergy potential can be developed.
Company profile Mutares SE & Co. KGaA
Mutares SE & Co. KGaA, Munich (www.mutares.de), as a listed private equity holding company with offices in Munich (HQ), Frankfurt, Helsinki, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires medium-sized companies and parts of larger groups with headquarters in Europe that show a clear potential for operational improvement and are sold again after undergoing a repositioning and stabilization process. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. With for aim a ROIC (Return on Invested Capital) of 7 to 10 times on the total investment with a focus on sustainable growth of the portfolio companies. In 2020, Mutares SE & Co. KGaA expects generated consolidated revenues of approx. EUR 1.8 billion employing more than 15,000 people worldwide. Based on this, consolidated revenues are expected to increase to approximately EUR 3.0 billion by 2023. Mutares is strongly committed to a sustainable dividend policy consisting of a base dividend and a performance dividend, which has been stable above 10% yield in the past years. The shares of Mutares SE & Co. KGaA are listed on the Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: DE000A2NB650).