DGAP-News: mutares AG acquires Autoneum Italy
(firmenpresse) - DGAP-News: Mutares AG / Key word(s): Acquisition
mutares AG acquires Autoneum Italy
23.07.2013 / 07:00
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P R E S S R E L E A S E
Munich, 23th of July 2013
mutares AG, Munich, has acquired the Italian Autoneum Italy S.p.A., a
subsidiary of Autoneum Holding AG, Winterthur, which is a global technology
leader in acoustics and thermal management solutions in the automotive
industry, on July 22nd, 2013. Autoneum Italy generated a turnover of EUR
109 million in 2012 and employs currently about 730 people at its five
sites all over Italy.
With a wide range of products Autoneum Italy offers innovative solutions
for the acoustic and thermal management to its customers in the automotive
industry. The customer base of Autoneum Italy consists of big truck
producers like Iveco, Volvo, Scania and Daimler as well as the Italian car
manufacturers Fiat, Alfa Romeo, Ferrari and Maserati.
The sale of the Italian business is a strategic step of the Autoneum Group
towards capacity adjustments in Europe while focusing on its core
competences, the acoustic and thermal management for light vehicles. In the
Italian market, the new mutares portfolio company will continue to benefit
from the technological know-how of the Autoneum group as a licensee.
Robin Laik, founder and member of the executive board of mutares, states:
'Autoneum Italy has a long experience in manufacturing innovative acoustic
and thermal management solutions for the automotive industry. Based on this
competence we are excited to further expand Autoneum Italy's business'.
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 their own teams, mutares actively supports their 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
Berlin 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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222387 23.07.2013
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Datum: 23.07.2013 - 07:00 Uhr
Sprache: Deutsch
News-ID 280612
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