MUTARES SE & CO. KGAA EQS-News: Mutares has successfully completed the acquisition of Sirti Energia

Directive transparence : information réglementée

22/09/2022 07:30

EQS-News: Mutares SE & Co. KGaA / Key word(s): Takeover/Merger
Mutares has successfully completed the acquisition of Sirti Energia

22.09.2022 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

Mutares has successfully completed the acquisition of Sirti Energia

  • Add-on acquisition for EXI S.p.A.
  • Significant synergy effects expected in project implementation with EXI
  • Strengthening presence in the energy infrastructure market
  • Annual revenues of approx. EUR 60 million

Munich, 22 September 2022 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Sirti Energia S.p.A as an add-on acquisition for EXI. The company will be rebranded in the next months.

Sirti Energia is headquartered in Milan and is one of Italy's leading providers of construction and maintenance services in the energy infrastructure market. The company is active in the renewable energy and E-Mobility sectors and also has a well-known brand and a solid customer base. Sirti Energia specializes in the design, construction and maintenance of underground and aerial power transmission and distribution grids and generates revenues of approx. EUR 60 million with around 400 employees throughout Italy.

Thanks to this acquisition, EXI develops its business in the energy infrastructure sector providing best of breed services for installation and maintenance.

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: ir@mutares.de

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

Contact for press inquiries in France
Gaëtan Commault - mailto:gaetan.commault@clai2.com / +33 06 99 37 65 64
Antoine Szarzewski - mailto:antoine.szarzewski@clai2.com / +33 07 72 45 47 80

22.09.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Mutares SE & Co. KGaA
80335 Munich
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
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1447425

End of News EQS News Service

1447425  22.09.2022 CET/CEST