Mutares
 | |
| Aktiengesellschaft | |
| Traded as | FWB: MUX |
| Founded | 2008 |
| Headquarters | Munich, Germany |
Key people |
|
| Revenue | €347 million (2013)[1] |
Number of employees | 2,496 (2013)[1] |
| Website | www.mutares.com |
Mutares AG (styled mutares) is a Germany-based holding company aiming to acquire medium-sized companies in turnaround situations and to facilitate their restructuring needs. Mutares‘ activities are not limited to merely holding and administrating its holdings, but consequently develops them.[2] For this purpose Mutares deploys own teams on location to offer operative support in the turnaround process of its associated companies.[3]
Since the commencement of operative business in 2008 Mutares has acquired 19 companies or groups and carried out several sales of companies. The initial acquisitions all disclosed annual revenues below €10 million.[3] Mutares strives to acquire companies with annual revenues between €50 million and €300 million.[3] In June 2014 the company holds 10 independent portfolio companies in Europe with sites in Asia, Africa and Central America. The company portfolio is divided into two divisions: Industry and Consumer Goods.[3]
With effect from May 14, 2014 the shares of Mutares AG are being traded in the Entry Standard of the Frankfurt Stock Exchange.[4]
Development of the Mutares-Group
Since the commencement of operative business Mutares has continuously expanded its portfolio as well as its consolidated group revenues. In 2013 the Mutares-Group, consisting of nine associated companies, achieved revenues amounting to € 347 million after six years of business activity. In 2012 the fiscal year was changed to match the calendar year. Up to the short fiscal year 2012 the business year went from April to March.
| 2008/ 2009[5] |
2009/ 2010[6] |
2010/ 2011[7] |
2011/ 2012[8] |
2012*[9] | 2013[1] | |
|---|---|---|---|---|---|---|
| Revenue(million €) | 6 | 61 | 128 | 159 | 301 | 347 |
| Portfolio | 2 | 7 | 5 | 11 | 11 | 9 |
* 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 2013, revenues amounted to around €21 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 2013 revenues amounted to around €10 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 2013 revenues amounted to around €11 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 2013 revenues amounted to around €86 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 2013 revenues amounted to around €45 million.
Holdings in the Consumer Goods segment
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 2013 revenues amounted to around €74 million.
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.
The HUBER-Group parted with its decorative box segment in June 2011 in order to focus on its core businesses.
In the fiscal year 2013 revenues amounted to around €17 million.
Pixmania
PIXmania is an e-commerce-retailer operating across Europe. The company operates in 14 European countries. PIXmania runs various e-commerce portals, which address end-users as well as companies and retailers. In 2013 PIXmania supplied more than 2.4 million active clients. The company employs around 800 employees at 3 locations in France and in the Czech Republic.
Dixons Retail sold PIXmania to mutares in December 2013.
In the fiscal year 2013 revenues amounted to around €446 million.
SN CGVL
SN CGVL (Société Nouvelle Compagnie Générale de Voitures de Lyon) is a French logistics provider heardquartered in Lyon, France, and was founded in 1906. In 2011 SN CGVL employed around 600 employees.
SN CGVL was sold to mutares in December 2011 by the Star’s Service Group.
In the fiscal year 2013 revenues amounted to around €41 million.
Suir Pharma Ireland
Suir Pharma is a contract manufacturer of medication located in Clonmel, Ireland. The company employs around 160 employees. Since 1984 Suir Pharma produces medication in Clonmel and holds licences (U.S. Food and Drug Administration, EU Good manufacturing practice) for the production of various medicinal products, including antibiotics, for the European and the US market.
Suir Pharma Ireland was sold to mutares AG in 2012 by the Stada Group.
In the fiscal year 2013 revenues amounted to around €23 million.
References
- ↑ 1.0 1.1 1.2 "Annual Report 2013". mutares AG. Retrieved 2014-06-30.
- ↑ "Company profile mutares AG". Retrieved 2014-06-30.
- ↑ 3.0 3.1 3.2 3.3 "Capital increase announcing prospectus". Retrieved 2014-06-30.
- ↑ "mutares AG moves to the Entry Standard and sets subscription price for the capital increase". DGAP-News. Retrieved 2014-06-30.
- ↑ "Annual Report 2008/2009". mutares AG. Retrieved 2014-06-30.
- ↑ "Annual Report 2009/2010". mutares AG. Retrieved 2014-06-30.
- ↑ "Annual Report 2010/2011". mutares AG. Retrieved 2014-06-30.
- ↑ "Annual Report 2011/2012". mutares AG. Retrieved 2014-06-30.
- ↑ "Annual Report 2012". mutares AG. Retrieved 2014-06-30.