Mutares Expands in Asia with Acquisition of HSR and HST

Mutares SE & Co. KGaA has finalized the acquisition of a 67% majority stake in Hwaseung Special Rubber (Taicang) Co., Ltd. and Hwaseung Auto Parts (Taicang) Co., Ltd. from Hwaseung Corporation. These companies are known for their essential rubber sealing and hose products, catering to top-tier automotive manufacturers like GM, VW, Hyundai, and Kia.

This strategic acquisition enhances Amaneos China's operations by integrating with Mutares’ existing businesses, generating nearly EUR 100 million in revenues. The move is set to bolster cost efficiencies and operational improvements within China's dynamic automotive market.

This acquisition signifies Mutares’ strategic growth in the Asian market, enhancing its influence in the Automotive & Mobility sector and proving its capability in delivering valuable operational synergies and sustainable growth.