on Mutares SE & Co. KGaA (isin : DE000A2NB650)
Mutares Acquires Buderus Edelstahl GmbH
Mutares SE & Co. KGaA has announced the acquisition of Buderus Edelstahl GmbH from voestalpine AG. This marks Mutares' thirteenth acquisition in 2024, reinforcing its Engineering & Technology segment. The transaction is expected to finalize by the end of the year.
Buderus Edelstahl, established in 1731, is a leading German manufacturer of special steels, including tool and engineering steel. In the 2023/2024 fiscal year, Buderus generated approximately EUR 360 million in revenues. The company has a broad customer base across various industries, supported by around 1,100 employees.
Johannes Laumann, CIO of Mutares, highlighted the acquisition's potential to enhance the company's steel components sector and diversify Buderus' market risks. Mutares plans to optimize Buderus' manufacturing processes, leveraging in-house expertise to improve efficiency and cost structure.
R. H.
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