DGAP-News: Mutares AG: mutares acquires EUPEC
(firmenpresse) - DGAP-News: Mutares AG / Key word(s): Acquisition/Private Equity
Mutares AG: mutares acquires EUPEC
27.01.2012 / 09:05
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mutares AG, Munich, has taken over the EUPEC group of companies from the
Indonesian Korindo group on January 26, 2012. EUPEC is Europe's leading
provider of coatings for oil-, gas- and water-pipelines. In 2011 the
company generated a turnover of more than EUR 200 million and currently
employs 120 people at four locations in France and Germany.
EUPEC supplies coatings for various on- and off-shore applications.
Customers all over the world are served from the company's headquarters in
Graveline in northern France and from its German subsidiary in Muelheim.
During the last three years, EUPEC has been providing all the concrete
weight coating for the pipelines of the Nordstream project.
'EUPEC has proven its in-depth expertise in delivering technologically
complex solutions in numerous international projects. Based on this
competence we are excited to further expand EUPEC's business', comments Dr.
Axel Geuer, founder of mutares AG and member of its executive board.
mutares AG, Munich (www.mutares.de), acquires midsized companies in whole
and in part, which are sold as a result of a repositioning process at their
owners and which exhibit a clear operational improvement potential. Getting
engaged with its own teams, mutares actively supports its portfolio
companies to generate significant value increase. The focus of the
operational work is to ensure sustainable, long-term growth.
The shares of mutares AG are listed at the Open Market segment of the
Berlin stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information please contact:
mutares AG
Susanne Staudt
Investor Relations&Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
info(at)mutares.de
End of Corporate News
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