# Mutares acquires Efacec group from Portuguese government

Mutares and the Portuguese government concluded a deal for Mutares to acquire the Efacec group, ending a privatization process. Financial details were not disclosed.

- Type: Acquisition
- Announced: 2023-11-02
- Where: Portugal
- Status: completed
- Products: technology and engineering solutions for energy
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Mutares](https://endata.com/companies/6466.md) (acquirer)
- [EFACEC](https://endata.com/companies/45553.md) (target)

## Sources

- [efacec.com](https://www.efacec.com/news/efacec-turns-an-important-page-in-its-history-with-the-arrival-of-a-new-shareholder/), 2023-11-02: "Mutares and the Portuguese government have just concluded the deal to acquire the Efacec group, ending a privatisation process that has been complex and long."

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