# Mutares to acquire 67% of HSR and HST from Hwaseung Corporation for Amaneos China

Mutares SE & Co. KGaA has entered final negotiations to acquire a 67% stake in Hwaseung Special Rubber (Taicang) Co., Ltd. and Hwaseung Auto Parts (Taicang) Co., Ltd. from Hwaseung Corporation. The acquisition is for Amaneos China, with signing expected in Q4 2025. The companies generated over EUR 100 million in revenue in 2024.

- Type: Acquisition
- Announced: 2025-10-28
- Where: Taicang, China
- Status: announced
- Products: rubber sealing products, hose products
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Mutares SE & Co. KGaA](https://endata.com/companies/33465.md) (acquirer)
- [Hwaseung Corporation](https://endata.com/companies/88106.md) (target)
- [Hwaseung Special Rubber (Taicang) Co., Ltd.](https://endata.com/companies/88107.md) (target)
- [Hwaseung Auto Parts (Taicang) Co., Ltd.](https://endata.com/companies/88108.md) (target)
- [Amaneos China](https://endata.com/companies/88109.md) (partner)

## Sources

- [mutares.com](https://mutares.com/en/mutares-plans-to-expand-its-presence-in-asia-with-strategic-add-on-acquisition-of-hsr-and-hst-from-hwaseung-corporation-for-amaneos-china/), 2025-10-28: "Our expansion into Asia marks a major milestone for Mutares"
- [marketscreener.com](https://www.marketscreener.com/news/mutares-plans-strategic-asian-expansion-with-majority-acquisition-of-hsr-and-hst-ce7d5dddd989f723), 2025-10-28: "Mutares SE & Co. KGaA revealed on October 28, 2025 that it is in final negotiations to acquire a 67% stake in Hwaseung Special Rubber (Taicang) Co Ltd. (HSR) and Hwaseung Auto Parts (Taicang) Co Ltd. (HST) from Hwaseung Corporation Co.,Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.