# Mutares acquires majority stake in Sofinter Group

Mutares SE & Co. KGaA has completed the acquisition of a majority stake in Sofinter Group, a leading provider of industrial and utility boilers. Sofinter, with 4 factories in Italy and Romania, generated over EUR 200 million in revenue in 2023 and employs around 680 people.

- Type: Acquisition
- Announced: 2024-04-23
- Where: Italy
- Status: completed
- Products: industrial boilers, utility boilers, heat recovery steam generators
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Mutares](https://endata.com/companies/6466.md) (acquirer)
- [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/mutares-has-successfully-completed-the-acquisition-of-a-majority-stake-in-sofinter-group/), 2024-04-23: "Mutares SE & Co. KGaA has successfully completed the acquisition of a majority stake in Sofinter Group."
- [sofinter.it](https://www.sofinter.it/uncategorized/mutares-has-successfully-completed-the-acquisition-of-a-majority-stake-in-sofinter-group/), 2024-04-23: "The acquisition further strengthens the Engineering & Technology segment of Mutares."
- [financecommunity.it](https://financecommunity.it/mutares-acquisisce-una-quota-di-maggioranza-del-gruppo-sofinter-tutti-gli-advisor/), 2024-04-24: "Mutares ha completato con successo l’acquisizione di una quota di maggioranza del Gruppo Sofinter."

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