# Mutares completes acquisition of High Precision Components Witten

Mutares SE & Co. KGaA completed the acquisition of High Precision Components Witten GmbH, a Tier 1 automotive supplier of precision components, from Westebbe Verwaltungs GmbH and Peter Flaschel. The company will join the KICO & ISH Group.

- Type: Acquisition
- Announced: 2023-12-04
- Where: Witten, Germany
- Status: completed
- Products: precision components, hinges, locking systems, body modules
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Mutares SE & Co. KGaA](https://endata.com/companies/33465.md) (acquirer)
- [AL-KO SE](https://endata.com/companies/65282.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

- [mutares.com](https://mutares.com/en/mutares-has-successfully-completed-the-acquisition-of-high-precision-components-witten-gmbh-from-westebbe-verwaltungs-gmbh-and-peter-flaschel/), 2023-12-04: "Mutares has successfully completed the acquisition of High Precision Components Witten GmbH from Westebbe Verwaltungs GmbH and Peter Flaschel."
- [ad-hoc-news.de](https://www.ad-hoc-news.de/boerse/news/corporate-news/mutares-has-successfully-completed-the-acquisition-of-prinz-kinematics-gmbh-from-al-ko/64525364), 2024-01-03: "Mutares SE & Co. KGaA has successfully completed the acquisition of 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.