DGAP-Ad-hoc: mutares AG / Key word(s): Private Equity/Takeover
mutares AG: Mutares sells A+F Automation+Fördertechnik

14-Dec-2017 / 00:34 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

German mutares AG sells its portfolio company A+F Automation + Fördertechnik GmbH for 20.5 mEUR to a fund of Swiss industry partner CGS. Through earn-out payments until 2019, given certain conditions, the purchase price can rise to 25.0 mEUR in total.
 
A+F is a leading manufacturer of high end and end-of-line packaging machines, based in Kirchlengern (Germany). Mutares acquired A+F in November 2014 from German OYSTAR Group and reorganized it through a turn-around.  

For further information, please contact:

mutares AG
Soh-Pih Mariette Nikolai
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
ir@mutares.de
www.mutares.de

14-Dec-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: mutares AG
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: DE000A0SMSH2
WKN: A0SMSH
Listed: Regulated Unofficial Market in Berlin, Frankfurt (Scale), Stuttgart, Tradegate Exchange

 
End of Announcement DGAP News Service

638857  14-Dec-2017 CET/CEST

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