DGAP-News

Mutares SE & Co. KGaA: Seventh Acquisition in 2022: Mutares acquires Heat Transfer Technology from Siemens Energy B.V. - Seite 2

“With the acquisition of Heat Transfer Technology we are strengthening our Engineering & Technology segment and expect significant synergy effects with the business of our subsidiary Balcke-Dürr. The topic of energy efficiency is becoming a crucial component in both industrial processes and power plants, not least due to the current energy debate, in order to increase efficiency, minimize costs and save CO₂. Therefore, we see an enormous potential to further grow the company and are looking forward to our future business cooperation with the Siemens Energy Group within the Heat Transfer Technology business,” comments Johannes Laumann, CIO of Mutares SE & Co. KGaA.
 

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.de), as a listed private equity holding company with offices in Munich (HQ), Amsterdam, Frankfurt, Helsinki, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires medium-sized companies in special situations, based in Europe, which show significant operational improvement potential and are sold again after undergoing a repositioning and stabilization process. For the financial year 2022, consolidated revenues of at least EUR 4 billion are expected. Based on this, consolidated revenues are to be expanded to at least EUR 7 billion by 2025. As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding. Accordingly, a net profit in the holding company in the range of EUR 125 million to EUR 150 million is expected for the financial year 2025. The Management Board and Supervisory Board together hold more than one third of all Mutares shares with voting rights. The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650).
 

For more information, please contact:

Mutares SE & Co. KGaA
Investor Relations
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E-mail: [e-mail]
www.mutares.de

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