DGAP-News: mutares plans to grow its automotive business


DGAP-News: mutares AG / Key word(s): Expansion/Takeover
mutares plans to grow its automotive business

28.09.2016 / 09:17
The issuer is solely responsible for the content of this announcement.

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mutares (ISIN: DE000A0SMSH2) has made an irrevocable offer to acquire two
French plants of the Mecaplast Group. The two plants generate revenues of
EUR 70m by producing interior and exterior parts for trucks. The
acquisition would be a perfect add-on for STS, a portfolio company of
mutares.

The two profitable plants of the Mecaplast Group, based in Izernore and
Précigné, France, generate revenues of EUR 70m with 340 employees. The
order backlog of EUR 600m is anticipated to secure the full utilization for
many years. Both plants are very closely located to their customers, thus
further broaden the customer base of STS. The production of interior and
exterior parts for trucks perfectly complements the product portfolio of
STS.

STS, a portfolio company of mutares, is a leading provider of innovative
solutions for acoustic and thermal insulation supplying almost all European
truck manufacturers out of three sites in Italy. The company generated
revenues of EUR 135m in 2015 and will start production in the newly
established plant in Poland in Q4-2016, which will already be almost fully
utilized due to two major contracts. mutares plans to acquire further add-
ons to strengthen the strategic positioning of STS.

The irrevocable offer is being studied by Mecaplast and is submitted to the
workers' representatives of the two plants for their position.

Company profile of Mecaplast

Mecaplast Group, a European leader in automotive equipment, develops,
designs and manufactures parts and complete systems for the vehicle body
and engine. Located in 18 countries, it reports revenues of more than EUR
700m in 2015 and employs 6.000 people.

Company profile of mutares AG

mutares AG, Munich (www.mutares.de), acquires companies, that are being
sold in the course of a repositioning process at their owners and that show
a clear operational improvement potential. Getting engaged with its own
teams, mutares actively supports its portfolio companies to achieve a clear
value increase. The focus of the operational work is to ensure sustainable,
long-term growth. The shares of mutares AG are traded in the Open Market of
the Frankfurt Stock Exchange (Entry Standard) under the symbol MUX (ISIN:
DE000A0SMSH2).

For further information, please contact:

mutares AG
Soh-Pih Mariette Nikolai
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
ir@mutares.de
www.mutares.de


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28.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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   Language:    English                                              
   Company:     mutares AG                                           
                Arnulfstr.19                                         
                80335 Munich                                         
                Germany                                              
   Phone:       +49 (0)89-9292 776-0                                 
   Fax:         +49 (0)89-9292 776-22                                
   E-mail:      ir@mutares.de                                        
   Internet:    www.mutares.de                                       
   ISIN:        DE000A0SMSH2                                         
   WKN:         A0SMSH                                               
   Listed:      Regulated Unofficial Market in Berlin, Stuttgart,    
                Tradegate Exchange; Open Market (Entry Standard) in  
                Frankfurt                                            
 
 
   End of News    DGAP News Service  
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506467 28.09.2016