# Mutares signs agreement to acquire High Precision Components Witten GmbH

Mutares SE & Co. KGaA signed an agreement to acquire High Precision Components Witten GmbH, a Tier 1 automotive supplier, from Westebbe Verwaltungs GmbH and Peter Flaschel. The transaction is expected to close in Q4 2023.

- Type: Acquisition
- Announced: 2023-10-16
- Where: Witten, Germany, Germany
- Jobs: 200
- Status: announced
- Products: precision components, hinges, locking systems, body modules
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [CIE Automotive](https://endata.com/companies/16833.md) (partner)
- [Mutares SE & Co. KGaA](https://endata.com/companies/33465.md) (acquirer)
- [AL-KO SE](https://endata.com/companies/65282.md) (partner)
- [Gesenkschmiede Schneider](https://endata.com/companies/71969.md) (target)
- [Schöneweiss & Co.](https://endata.com/companies/71970.md) (target)
- [Falkenroth Umformtechnik](https://endata.com/companies/71971.md) (target)
- [FerrAl United Group](https://endata.com/companies/71972.md) (partner)
- [High Precision Components Witten GmbH](https://endata.com/companies/73504.md) (target)
- [Westebbe Verwaltungs GmbH](https://endata.com/companies/73505.md) (partner)
- [Peter Flaschel](https://endata.com/companies/73506.md) (partner)
- [PRINZ Kinematics GmbH](https://endata.com/companies/73989.md) (target)

## Sources

- [onvista.de](https://www.onvista.de/news/2023/10-16-eqs-news-mutares-hat-die-uebernahme-des-schmiedegeschaefts-in-deutschland-von-cie-automotive-erfolgreich-abgeschlossen-37-26187764), 2023-10-16: "Die Transaktion wird die FerrAl United Group, einen multinationalen Lieferanten für metallbasierte Komponenten und Systeme, als Add-on-Akquisition weiter stärken."
- [mutares.com](https://mutares.com/en/eleventh-acquisition-in-2023-mutares-signed-an-agreement-to-acquire-high-precision-components-witten-gmbh-from-westebbe-verwaltungs-gmbh-and-peter-flaschel/), 2023-11-06: "We are very happy to announce our eleventh acquisition in 2023."
- [mutares.com](https://mutares.com/en/thirteenth-acquisition-in-2023-mutares-has-signed-an-agreement-to-acquire-prinz-kinematics-gmbh-from-al-ko/), 2023-11-24: "Mutares SE & Co. KGaA has signed an agreement to acquire PRINZ Kinematics GmbH from AL-KO."

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