DGAP-News: mutares AG / Key word(s): Disposal/Private Equity mutares sells logistics service provider CGVL 08.05.2015 / 07:33 --------------------------------------------------------------------- The Munich-based restructuring specialist mutares AG (ISIN: DE000A0SMSH2) has sold the logistics service provider CGVL (Compagnie Générale de Véhicules Lyonnais). The exit marks the completion of the successful turnaround over the past years. The French company CGVL, based in Lyon, is a successful niche player for logistics services. CGVL offers transport vehicles together with drivers to large corporate customers thus supplementing their in-house logistics. Having 6 logistic centres and more than 80 hubs throughout France, CGVL guarantees a maximum of flexibility and service availability to its customers. In 2011 mutares acquired CGVL in the course of the repositioning of French Star's Service Group and re-established the company as a strong independent and profitable player on the market. As a result of the investments over the past years, the company now operates a very modern and efficient fleet of more than 700 vehicles ranging from 3.5 to 40 tons. In 2014 the company generated revenues of more than EUR 42 million with its 500 employees. The return of CGVL for mutares amounts to more than EUR 2 million. 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 Christoph Himmel Investor Relations & Corporate Communications Tel. +49 89 9292776-0 Fax +49 89 9292776-22 ir@mutares.de www.mutares.de --------------------------------------------------------------------- 08.05.2015 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. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 354811 08.05.2015
DGAP-News: mutares sells logistics service provider CGVL
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