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ISIN: DE000A2NB650
WKN: A2NB65
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Mutares SE & Co. KGaA · ISIN: DE000A2NB650 · Newswire (Unternehmen)
Land: Deutschland · Primärmarkt: Deutschland · EQS NID: 1199630
21 Mai 2021 20:00PM

Mutares SE & Co. KGaA: Mutares successfully completes the acquisition of Alan Dick Communications Limited from Panasonic Europe BV


DGAP-News: Mutares SE & Co. KGaA / Key word(s): Investment/Takeover
Mutares SE & Co. KGaA: Mutares successfully completes the acquisition of Alan Dick Communications Limited from Panasonic Europe BV

21.05.2021 / 20:00
The issuer is solely responsible for the content of this announcement.


Mutares successfully completes the acquisition of Alan Dick Communications Limited from Panasonic Europe BV

- Strengthens the Engineering & Technology segment

- Provider of critical communication and security systems for UK rail infrastructure

- Acquisition highly complementary to Gemini Rail Group

- Company with revenues of approx. EUR 40 million planned for 2022

Munich/London, 21 May 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Alan Dick Communications Limited ("ADComms") from Panasonic Europe BV.

Headquartered in Scunthorpe, UK, the company employs around 100 people and expects revenues of approx. EUR 40 million for the next year. ADComms provides critical communications and security systems such as CCTV and passenger information systems to the UK rail sector.

The acquisition marks the third transaction in the UK and strengthens Mutares' presence in the UK Rail sector. ADComms is highly complementary to the existing portfolio company Gemini Rail Group, which was acquired in 2018 from Knorr-Bremse. Significant operational synergies are expected within the framework of the future cooperation.

Company profile Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.de), as a listed private equity holding company with offices in Munich (HQ), Frankfurt, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires medium-sized companies and parts of larger groups with headquarters in Europe that show a clear potential for operational improvement and are sold again after undergoing a repositioning and stabilization process. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. With for aim a ROIC (Return on Invested Capital) of 7 to 10 times on the total investment with a focus on sustainable growth of the portfolio companies. In 2020, Mutares SE & Co. KGaA generated consolidated revenues of approx. EUR 1.6 billion employing more than 12,000 people worldwide. Based on this, consolidated revenues are expected to increase to approximately EUR 3.0 billion by 2023. Mutares is strongly committed to a sustainable dividend policy consisting of a base dividend and a performance dividend. The shares of Mutares SE & Co. KGaA are listed on the Frankfurt Stock Exchange under the ticker 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
www.mutares.de

Contact Press
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

Contact for press requests in France
CLAI
Gaëtan Commault - gaetan.commault@clai2.com / +33 06 99 37 65 64
Dorian Masquelier - dorian.masquelier@clai2.com / +33 07 77 26 24 57

 



21.05.2021 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.
Archive at www.dgap.de


Language: English
Company: Mutares SE & Co. KGaA
Arnulfstr.19
80335 Munich
Germany
Phone: +49 (0)89-9292 776-0
Fax: +49 (0)89-9292 776-22
E-mail: ir@mutares.de
Internet: www.mutares.de
ISIN: DE000A2NB650
WKN: A2NB65
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1199630

 
End of News DGAP News Service

1199630  21.05.2021 

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