# Mutares acquires Donges Steeltec from Mitsubishi Hitachi Power Systems Europe

Mutares has acquired Donges Steeltec, a German steel construction company, from Mitsubishi Hitachi Power Systems Europe. Donges generates EUR 36 million in turnover with 200 employees.

- Type: Acquisition
- Announced: 2017-11-02
- Where: Darmstadt, Germany
- Value: $42.0M (36.0M EUR)
- Jobs: 200
- Status: completed
- Products: steel constructions for bridges, power plants, sports arenas, hangars, industrial and transport constructions
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Mutares](https://endata.com/companies/6466.md) (acquirer)
- [Mitsubishi Hitachi Power Systems Europe](https://endata.com/companies/22913.md) (partner)
- [Donges Steeltec](https://endata.com/companies/27803.md) (target)

## Sources

- [mutares.com](https://mutares.com/en/mutares-acquires-donges-steeltec/), 2017-11-02: "Mutares has acquired Donges Steeltec, one of Germany’s leading steel construction companies, from Mitsubishi Hitachi Power Systems Europe."

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