DGAP-News: mutares AG: Diehl Controls transfers photovoltaics business - securing the future by reorientation
(firmenpresse) - DGAP-News: Mutares AG / Key word(s): Acquisition
mutares AG: Diehl Controls transfers photovoltaics business - securing
the future by reorientation
15.02.2013 / 18:44
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Wangen/Munich, 15th of February 2013. Diehl Controls, Wangen im Allgäu,
subgroup of Diehl Group, Nuremberg, sells the business unit photovoltaics
with effect from 1st of April 2013 to mutares Solar GmbH, a 100% subsidiary
of mutares AG, Munich. mutares AG will strategically develop the
photovoltaics business located in Wangen. All 82 employees will be taken
over by the new owner. The manufacturing of the photovoltaics products
remains with Diehl Controls. The business areas Appliance and Smart Home
are not affected by this transaction. Diehl Controls refocuses with this
transaction on its core competencies in the OEM (Original Equipment
Manufacturers) business.
In 2005, Diehl Controls entered the pholtovoltaics business with the
development and manufacturing of solar inverters as well as the related
communication equipment branded Platinum. The brand Platinum reached Sales
of EUR 50m in 2012. Diehl Controls transfers its photovoltaics activities
to a competent partner as part of a corporate refocusing program.
Strong partner
'Since mid-2012 we've been searching intensively for a partner, who can
strategically develop the photovoltaics business and has a strong sales
expertise', explains Dieter Neugebauer, member of the Corporate Division
Board of Diehl Controls. 'After constructive negotiations we are glad to
have won mutares AG as a partner that is interested in a successful
expansion of this business unit and that will further develop the
photovoltaics activities at this location. Particularly the technologically
outstanding products together with the highly qualified and motivated
employees are very important for mutares. Dr. Axel Geuer, Executive and
founder of mutares AG, evaluates the potential of the photovoltaics
business positively: 'The brand Platinum is well established in the market,
the new product range R3 has great potential and has received positive
customer feedback shortly after its introduction to the market. This is an
important basis to develop the business towards long term profitability.
However, in this know-how driven business the employees remain the most
important potential for growth. Their creative ideas and designs will be a
competitive advantage in the market.'
The collaboration in the photovoltaics business is not the first joint
project of mutares AG and Diehl Group. In 2009 mutares AG acquired Diehl
Elastomertechnik GmbH; the now called Elastomer Solutions Group has been
growing continuously over the past years. Latest figures show a sales
increase of +35 % versus 2009; also the number of employee has grown
significantly.
Location Wangen assured
The new owner takes over all 82 employees with their existing employment
contracts. 'The people are our source of know-how. We can only be
successful together with them', emphasizes Dr. Wolf Cornelius, who will run
the new company together with its established CEO, Klaus Frehner. There is
a clear commitment to the location of the company in Wangen im Allgäu:
'Wangen is competitive for the production of inverters!' Dr. Cornelius
assures. On this basis, mutares Solar GmbH signed a long-term contract with
Diehl Controls regarding the utilization of the production facility.
The business areas Appliance and Smart Home will not be affected by the
transaction. 'In the area of Appliance we are one of the market leaders
worldwide and in the Smart Home sector we are working on interesting
projects with a very promising future ', says Diehl Controls member of
Corporate Division Board Dieter Neugebauer. 'In some of these projects we
will work closely together with mutares, for instance in the area of
intelligent solutions for private energy consumption.'
Diehl Controls
Diehl Controls is a leading specialist worldwide for the design and
production of control systems. Under its brand Diehl AKO(R) the company
supplies electronic components and systems to the international household
appliance industry. With its Smart Home activities Diehl Controls focuses
on highly innovative products for the future energy management market.
mutares
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 a significant value increase. The focus of the
operational work is to ensure sustainable, long-term growth.
The stocks of mutares AG are listed at the Open Market segment of the
Frankfurt stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information, we gladly receive your request at:
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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201589 15.02.2013
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