Mutares has completed the acquisition of Nervión Industries, Engineering and Services, S.L.U. from Amper S.A.

Mutares has completed the acquisition of Nervión Industries, Engineering and Services, S.L.U. from Amper S.A.

• New platform investment to strengthen the Goods & Services segment
• Integrated industrial services player
• Approx. EUR 200 million in revenues in FY 2024

Munich, February 21, 2025 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Nervión Industries, Engineering and Services, S.L.U. ("Nervión" or the "Company") from Amper S.A. The company will strengthen Mutares' Goods & Services segment as a new platform investment.

Founded in 1956, Nervión is a leading Iberian provider of industrial services with extensive experience serving Tier 1 customers in various end markets, including oil & gas, industrial and energy sectors. The Company has built a strong reputation by consolidating a wide range of activities, with its core business focused on industrial maintenance and assembly. In addition, Nervión operates in key areas such as photovoltaic plant construction, the construction and assembly of storage tanks, and atmospheric pollution control solutions.

With consolidated revenues of approximately EUR 200 million, the company is well positioned for future growth, supported by its robust commercial network and track record of delivering exceptional results for its clients.

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.com), a listed private equity holding company with offices in Munich (HQ), Amsterdam, Bad Wiessee, Chicago, Frankfurt, Helsinki, London, Madrid, Milan, Mumbai, Paris, Shanghai, Stockholm, Vienna and Warsaw, acquires companies in special situations which show significant operational improvement potential and are sold again after undergoing a repositioning and stabilization process. For the fiscal year 2024, consolidated revenues of EUR 5.7 billion to EUR 6.3 billion are expected. Based on this, consolidated revenues are to be expanded to approx. EUR 7 billion by 2025 and EUR 10 billion by 2028. As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding. On this basis, the Holding Company is expected to generate a net income of EUR 108 million to EUR 132 million for the fiscal year 2024, EUR 125 million to EUR 150 million for the fiscal year 2025 and EUR 200 million for the fiscal year 2028. 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) and have been part of the selection index SDAX since December 2023.

For more information, please contact:

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

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