Sixth Acquisition in 2022: Mutares acquires MANN+HUMMEL Group's high-performance plastic parts business

• Total revenues of approx. EUR 500 million
• Acquisition includes MANN+HUMMEL products beyond filtration and separation solutions and is intended to strengthen the Automotive & Mobility segment
• Significant synergies with LMS and SFC Solutions Group and opportunity to grow into a Tier-1 supplier with more than EUR 1.3 billion in revenues

Munich, 31 May 2022 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire the high-performance plastic parts business of MANN+HUMMEL. The segment includes products beyond filtration and separation solutions, including air intake manifolds, high-pressure air lines and fluid reservoirs. In addition, as part of the transaction, Mutares and MANN+HUMMEL have agreed on a manufacturing cooperation, which will contribute to the total revenues of EUR 500 million. Headquartered in Ludwigsburg, Germany, the MANN+HUMMEL Group develops intelligent filtration and separation solutions under its two business segments Transportation and Life Sciences & Environment that enable cleaner mobility, cleaner air and cleaner water.

This acquisition of the MANN+HUMMEL business will strengthen the Automotive & Mobility segment. The closing of the transaction will result in the acquisition of MANN+HUMMEL's entire business beyond filtration and separation solutions, which essentially consists of production facilities in Bad Harzburg, Sonneberg (Germany) and Laval (France) with a total of approximately 1,500 employees. MANN+HUMMEL's business is very well positioned in the market and supplies well-known original equipment manufacturers in the automotive industry worldwide. In addition, it will benefit from synergy effects with LMS and SFC Solutions Group, which together can offer their customers a broad product portfolio of injection molded components and elastomer parts worldwide.

"I am very pleased to announce the acquisition of MANN+HUMMEL's high-performance plastic parts business. With our expertise in the automotive industry and the trend towards e-mobility, we see new opportunities and thus enormous growth potential for the company. Especially the synergy potential with LMS and the SFC Solutions Group will make the company an indispensable partner in the automotive supply sector of plastics and elastomers," comments Johannes Laumann, CIO of Mutares SE & Co. KGaA.
 

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.de), 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 at least EUR 4 billion are expected. Based on this, consolidated revenues are to be expanded to at least 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: [email protected]
www.mutares.de

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