Company:Mutares
 | |
| Type | Aktiengesellschaft |
|---|---|
| FWB: MUX | |
| Founded | 2008 |
| Headquarters | Munich, Germany |
Key people | |
| Revenue | €900 million (2017) |
Number of employees | 4,234 (2016) |
| Website | www.mutares.com |
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Mutares AG (styled Mutares) is a German-based holding company that acquires medium-sized companies in turnaround situations and facilitates their restructuring needs. Mutares' activities extend beyond owning its holdings to developing and adding value to them.[1] Mutares puts its own teams in place in its subsidiaries to offer operational support in the turnaround process.[2]
Since its establishment in 2008, Mutares has acquired more than 25 companies and carried out several divestments. As of January 2018, the company holds 11 independent portfolio companies headquartered in Europe, with sites in Asia, Africa and the Americas. The company portfolio is divided into five parts: Automotive, Infrastructure and Construction, Wood and Paper, Engineering and Technology and Consumer Goods and Logistics.[2]
Mutares AG shares have been traded in the Entry Standard of the Frankfurt Stock Exchange since May 2014.[3] Mutares has a market capitalization of around €300 million.
Development of the Mutares Group
Mutares has continuously expanded its portfolio and its consolidated group revenue throughout its existence. In 2015, the Mutares Group, consisting of twelve associated companies, achieved revenues of €850 million. In 2012, the fiscal year was changed to match the calendar year. Until 2012, the business year ran from April to March.
| 2008/ 2009[4] |
2009/ 2010[5] |
2010/ 2011[6] |
2011/ 2012[7] |
2012*[8] | 2013[9] | 2014[10] | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue(million €) | 6 | 61 | 128 | 159 | 301 | 347 | 648 | 684 | 648 | 900 |
| Portfolio | 2 | 7 | 5 | 11 | 11 | 9 | 11 | 12 | 11 |
* Short fiscal year from April until December.
Holdings in the Industry segment
Elastomer Solutions
The Elastomer Solutions Group is a producer of rubber moulding parts for the automobile industry, specifically of cable bushings designed to protect wire harnesses in automobile wiring systems. The group employs approximately 300 employees at 5 sites located in Germany, Morocco, Mexico, Portugal and Slovakia.
The Elastomer Solutions Group was sold by the Diehl Group to mutares in August 2009
In the fiscal year 2014, revenues amounted to around €23 million.
Fertigungstechnik Weißenfels
Fertigungstechnik Weißenfels develops and produces NC rotary table systems and sub-assemblies for the machine tool industry. In addition, the company is establishing the business segment gondolas with torque generators for smaller wind turbine stations. The company employs around 100 employees at the site in Weißenfels near Leipzig, Germany.
Fertigungstechnik Weißenfels was a part of the Römheld-Group until its acquisition in February 2010.
In the fiscal year 2014 revenues amounted to around €10 million.
Eupec
EUPEC is a European pipeline coatings provider for oil, gas and water. EUPEC supplies coatings for various applications in the on- and off-shore field. For example, EUPEC supplied cement coatings for pipelines of the Nord Stream-Project from 2009 until 2011. The company employs 120 employees at locations in France and Germany.
EUPEC was sold by the indonesian Korindo Group to mutares in January 2011.
In the fiscal year 2014 revenues amounted to around €63 million.
GeesinkNorba
GeesinkNorba is a provider of waste disposal solutions, especially of vehicle bodies for waste compactor vehicles and of stationary waste containers. GeesinkNorba employs around 390 employees in the Netherlands, Germany, England, France, Poland, Rumania, Sweden and Spain. The product portfolio includes compact waste bodies, container lift systems and stationary compactors. The company is represented in several European countries and operates several assembly plants.
The company was founded in 1875 in the Netherlands and sold to mutares in February 2012.
In the fiscal year 2014 revenues amounted to around €72 million.
STS Acoustics
STS Acoustics is a provider of sound and heat absorption solutions for the engine compartments and interiors of vehicles. STS Acoustics employs around 730 employees across its five sites in Italy. Its customer base includes truck manufacturers such as Iveco, Volvo, Scania and Daimler, as well as Italian automobile manufacturers such as Fiat, Alfa Romeo, Ferrari and Maserati.
STS Acoustics was acquired by mutares in July 2013 from the Autoneum Holding AG.
In the fiscal year 2014 revenues amounted to around €116 million.
A+F Automation + Fördertechnik
A+F Automation + Fördertechnik GmbH is a globally well-known[citation needed] provider of final packaging machinery with expertise in designing high quality[citation needed] and integrated packaging solutions. A+F employs around 175 employees at its Site in Kirchlengern, Germany.
A+F Automation + Fördertechnik was acquired by mutares in December 2014 from the OYSTAR Group.
In the fiscal year 2014 revenues amounted to around €28 million.
BSL Pipes and Fittings
BSL Pipes and Fittings SAS is a French manufacturer of welded stainless steel pipes and fittings with a length up to 12 meters. BSL Pipes and Fittings SAS employs around 100 people at its site in Billy-sur-Aisne, France.
BSL Pipes and Fittings SAS was acquired by mutares in August 2015 from the Génoyer SA.
In the fiscal year 2014 revenues amounted to around €21 million.
Holdings in the Consumer Goods segment
Klann Packaging
KLANN Packaging is a manufacturer of metal packaging in Landshut, Germany. The core competency of the company is the development, design and production of tinplate promotion and sale packaging. Besides the embossing, KLANN Packaging also implements imprints to its products.[clarification needed]
The HUBER-Group parted with its decorative box segment in June 2011 in order to focus on its core businesses.
In the fiscal year 2014 revenues amounted to around €14 million.
Artmadis
Artmadis is a French wholesaler for household goods. Its customers include supermarket chains such as Carrefour or Intermarché, as well as specialized retailers and online order houses. The company employs around 240 employees at 3 locations in France.
Artmadis was sold to mutares by the French ARC International in August 2012.
In the fiscal year 2014 revenues amounted to around €72 million.
Zanders
Zanders GmbH is an internationally renowned manufacturer of specialty paper, founded in 1829 in Bergisch Gladbach, Germany. In 2015 Zanders employed around 480 employees.
Zanders was sold to mutares in May 2015 by the Metsä Group.
In the fiscal year 2014 revenues amounted to around €90 million.
Grosbill
Grosbill is an omni-channel distributor specialized in IT products and consumer electronics. It is one of the leading electronic retailers in the French consumer market[citation needed] with excellent customer satisfaction.[citation needed] It employs 150 persons via its website and its network of nine stores.
Grosbill was sold to mutares AG in 2015 by the Auchan Group.
In the fiscal year 2014 revenues amounted to around €109 million.
Norsilk
Norsilk SAS is a French manufacturer of wood products with focus on the sale of machined timber. It manufactures wood products for construction purposes and distributes them to the French market serving a well-diversified customer base in the segments DIY, merchants, and industrials.
mutares acquired Norsilk in October 2014 from the Metsä Group.
At the production sites in Honfleur and Boulleville in France, Norsilk generated revenues of EUR 45m in 2014 and has 115 employees.
References
- ↑ "Company profile mutares AG". http://www.finanzen.net/aktien/mutares-Aktie. Retrieved 2014-06-30.
- ↑ 2.0 2.1 "Capital increase announcing prospectus". Archived from the original on 2014-07-14. https://web.archive.org/web/20140714135929/http://www.mutares.de/wp-content/uploads/20140513Gebilligter_Wertpapierprospekt.pdf. Retrieved 2014-06-30.
- ↑ "mutares AG moves to the Entry Standard and sets subscription price for the capital increase". DGAP-News. http://www.wallstreet-online.de/nachricht/6761490-dgap-news-mutares-ag-moves-to-the-entry-standard-and-sets-subscription-price-for-the-capital-increase. Retrieved 2014-06-30.
- ↑ "Annual Report 2008/2009". mutares AG. Archived from the original on 2011-10-18. https://web.archive.org/web/20111018100200/http://www.mutares.de/wp-content/uploads/Konzern-Abschluss-DE-20030331-final.pdf. Retrieved 2014-06-30.
- ↑ "Annual Report 2009/2010". mutares AG. Archived from the original on 2016-03-03. https://web.archive.org/web/20160303234017/http://www.mutares.de/wp-content/uploads/Homepage-Geschaeftsbericht-2009_2010_mutares-DE-final.pdf. Retrieved 2014-06-30.
- ↑ "Annual Report 2010/2011". mutares AG. Archived from the original on 2014-07-14. https://web.archive.org/web/20140714163042/http://www.mutares.de/wp-content/uploads/20110930-Gesch%C3%A4ftsbericht_DE-KS-v2-final.pdf. Retrieved 2014-06-30.
- ↑ "Annual Report 2011/2012". mutares AG. Archived from the original on 2014-07-14. https://web.archive.org/web/20140714151234/http://www.mutares.de/wp-content/uploads/20121002-Gesch%C3%A4ftsbericht_V1_AG_FINAL-Repariert_AR-V1.pdf. Retrieved 2014-06-30.
- ↑ "Annual Report 2012". mutares AG. Archived from the original on 2014-07-14. https://web.archive.org/web/20140714155242/http://www.mutares.de/wp-content/uploads/20130611-Gesch%C3%A4ftsbericht-V1.pdf. Retrieved 2014-06-30.
- ↑ "Annual Report 2013". mutares AG. http://www.mutares.de/wp-content/uploads/20140424_Annual-Report-MUX-Group-Dec-2013.pdf. Retrieved 2014-06-30.[yes|permanent dead link|dead link}}]
- ↑ "Annual Report 2014". mutares AG. Archived from the original on 2016-04-10. https://web.archive.org/web/20160410013253/http://www.mutares.de/wp-content/uploads/mutares_annual_report_2014.pdf. Retrieved 2014-06-30.
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