# Mutares submits proposal for majority investment in Sofinter Group

Mutares SE & Co. KGaA has submitted an irrevocable proposal to acquire a large majority stake in Sofinter Group, a manufacturer of industrial and utility boilers with revenues over EUR 250 million. The transaction is expected to close before the end of 2023.

- Type: Acquisition
- Announced: 2023-10-12
- Where: Italy, Italy
- Status: announced
- Products: industrial boilers, heat recovery steam generators, utility boilers, waste-to-energy boilers
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Mutares SE & Co. KGaA](https://endata.com/companies/33465.md) (acquirer)
- [Sofinter Group](https://endata.com/companies/73395.md) (target)

## Sources

- [mutares.com](https://mutares.com/en/ninth-acquisition-in-2023-mutares-signed-agreement-for-a-majority-investment-in-sofinter-currently-participated-by-gammon-group-significant-synergies-in-nem-energy-group-expected/), 2023-10-12: "The transaction will be carried out partly by means of purchase of shares from its current shareholders, partly by means of subscription of a capital increase."

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