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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.
Mutares signed an agreement to acquire Gesenkschmiede Schneider, Schöneweiss & Co. and Falkenroth Umformtechnik from CIE Automotive for EUR 55.5 million, to strengthen the FerrAl United Group.
Mutares signed an agreement to acquire SELZER Group from INDUS as an add-on for Ferral United. SELZER Group supplies ready-to-install metallic components and assemblies for automotive and industrial applications, with expected 2025 revenues of EUR 130 million.