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Mutares SE & Co. KGaA has completed the acquisition of 87.5% of BEW-Umformtechnik GmbH, a German manufacturer of highly stressed forgings, from Marigold Capital and minority shareholder Markus Schramek. BEW generates revenues of approximately EUR 55 million and employs around 160 people.
Mutares SE & Co. KGaA is forming a globally active Tier 1 automotive supplier under the umbrella of its new wholly-owned subsidiary Amaneos SE, combining Light Mobility Solutions GmbH, MoldTecs GmbH and SFC Group. The new holding company has more than 7,500 employees at 30 locations and annual revenues of around EUR 1.2 billion.