Mutares SE & Co. KGaA: Creditors of Walor International agree to the takeover terms proposed by Mutares

Creditors of Walor International agree to the takeover terms proposed by Mutares

• Another important milestone under the exclusive negotiation period towards a potential transaction realisation in Q2 2023 has been reached
• Acquisition of Walor International would be the cornerstone of the consolidation activities of Mutares in the production of forged and machined metal parts in Europe

Munich, 4 April 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has now received the agreement from the creditors of Walor International to proceed with the acquisition of Walor International according to the communicated term sheet. While this represents another important milestone towards a potential transaction, its successful realisation is still dependent on receiving the opinion of all of the company’s works councils and a waiver by the EU antitrust authorities.

In case of a successful acquisition, the company will strengthen the Automotive & Mobility segment as an add-on to the other metal parts manufacturing specialists (PrimoTECS Group Cimos and MMT-B). The acquisition is expected to be closed in Q2 2023.

Walor International is headquartered in Laval, France and employs more than 1,200 people generating over EUR 200 million in revenues. The company is a European leader in manufacturing forged and machined steel parts, offering a comprehensive range of products for powertrain, steering systems, body-in-white and passive safety applications for passenger cars. Walor benefits from an extensive industrial footprint focused on France but is also present in Germany, Romania, Mexico and China and leverages a comprehensive range of forging, machining and turning technologies.

About Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.com), as a listed private equity holding company with offices in Munich (HQ), Amsterdam, Frankfurt, Helsinki, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires medium-sized companies in special situations, based in Europe, which show significant operational improvement potential and are sold again after undergoing a repositioning and stabilization process. For the financial year 2022, consolidated revenues of approx. EUR 4 billion are expected. Based on this, consolidated revenues are to be expanded to approx. EUR 7 billion by 2025. As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding. Accordingly, a net profit in the holding company in the range of EUR 125 million to EUR 150 million is expected for the financial year 2025. The Management Board and Supervisory Board together hold more than one third of all Mutares shares with voting rights. The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650).

For more information, please contact:

Mutares SE & Co. KGaA
Investor Relations:
Phone +49 89 9292 7760
E-mail: ir@mutares.de

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