DGAP-Ad hoc: mutares AG

DGAP-Adhoc: mutares acquires Balcke-Dürr

mutares AG / Key word(s): Takeover/Expansion

23.11.2016 00:28

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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mutares entered into an agreement to acquire the international equipment manufacturer Balcke-Dürr from SPX Corporation. Balcke-Dürr manufactures components for energy efficiency and the reduction of emissions in the chemical and power generating industry. With its experience of more than 130 years, the company offers groundbreaking solutions, ranging from standard modules to complete thermal systems. In 2015, the company generated revenues of EUR 142m with 650 employees. Headquartered in Germany, the company has engineering and production sites in Germany, Italy, Poland, Hungary, China, and India.

Balcke-Dürr will be part of mutares' engineering & technology segment in which mutares experiences attractive market dynamics. Hence, mutares will further invest in this segment and is convinced that Balcke-Dürr will be an ideal platform investment being a renowned brand in the industry. The acquisition is conditioned upon satisfaction of German competition filing requirements. The closing of the transaction is expected to take place before the end of the year.

For further information, please contact:

mutares AG Soh-Pih Mariette Nikolai Investor Relations & Corporate Communications Tel. +49 89 9292776-0 Fax +49 89 9292776-22 ir@mutares.de www.mutares.de

23.11.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

--------------------------------------------------------------------------- Language: English Company: mutares AG Arnulfstr.19 80335 Munich Germany Phone: +49 (0)89-9292 776-0 Fax: +49 (0)89-9292 776-22 E-mail: ir@mutares.de Internet: www.mutares.de ISIN: DE000A0SMSH2 WKN: A0SMSH Listed: Regulated Unofficial Market in Berlin, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt End of Announcement DGAP News-Service ---------------------------------------------------------------------------