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14.12.2017 00:34:06
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DGAP-Ad hoc: mutares AG
DGAP-Adhoc: mutares AG: Mutares sells A+F Automation+Fördertechnik
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DGAP-Ad-hoc: mutares AG / Key word(s): Private Equity/Takeover
German mutares AG sells its portfolio company A+F Automation + Fördertechnik GmbH for 20.5 mEUR to a fund of Swiss industry partner CGS. Through earn-out payments until 2019, given certain conditions, the purchase price can rise to 25.0 mEUR in total.
A+F is a leading manufacturer of high end and end-of-line packaging machines, based in Kirchlengern (Germany). Mutares acquired A+F in November 2014 from German OYSTAR Group and reorganized it through a turn-around. 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
14-Dec-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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, Frankfurt (Scale), Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |
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638857 14-Dec-2017 CET/CEST
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