# Mutares completes acquisition of Nexans' German metallurgy business, renamed Lacroix + Kress

Mutares SE & Co. KGaA completed the acquisition of Nexans' German metallurgy business, which has production sites in Bramsche and Neunburg, Germany. The business now operates as Lacroix + Kress GmbH, employing about 250 people with expected 2020 revenue of approximately EUR 120 million.

- Type: Acquisition
- Announced: 2020-11-02
- Where: Bramsche and Neunburg, Germany, Germany
- Jobs: 250
- Status: completed
- Products: oxygen-free copper drawing, metallurgy products for automotive and industrial applications
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Nexans](https://endata.com/companies/5093.md) (target)
- [Mutares SE & Co. KGaA](https://endata.com/companies/33465.md) (acquirer)
- [Lacroix + Kress GmbH](https://endata.com/companies/50909.md) (target)

## Sources

- [mutares.com](https://mutares.com/mutares-schliesst-die-uebernahme-des-deutschen-metallurgie-geschaefts-von-nexans-erfolgreich-ab/), 2020-11-02: "Mutares hat die Übernahme des deutschen Metallurgie Geschäfts von Nexans erfolgreich abgeschlossen."

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