on Mutares SE & Co. KGaA (isin : DE000A2NB650)
Mutares Acquires Assets of S.M.A. Metalltechnik
Mutares SE & Co. KGaA has finalized an agreement to acquire the assets of S.M.A. Metalltechnik GmbH & Co. KG and its subsidiaries. This acquisition marks the fourteenth for Mutares in 2024 and aims to strengthen its SFC Group. The transaction is expected to close by the end of the fourth quarter of 2024.
S.M.A. Metalltechnik, headquartered in Backnang, Germany, develops and manufactures highly impermeable aluminium pipes used in automotive climate control and battery cooling systems. The company operates facilities in Germany, South Africa, Romania, and China, with an anticipated revenue of EUR 160 million in 2025.
This strategic move is designed to complete SFC Group's product offerings in fluid transfer systems, enhancing customer relationships and expanding its market reach. Johannes Laumann, CIO of Mutares, remarks that this acquisition aligns with the group's goal of becoming a leading provider of innovative fluid solutions.
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