DGAP-News: Mutares AG: Portfolio company Balcke-Dürr receives funding from the Federal Ministry of Labour and Social Affairs of Germany

Mutares portfolio company Balcke-Dürr receives funding from the Federal Ministry of Labour and Social Affairs of Germany

• EUR 1.5 million project explores digitized idea and work management
• Focus is the involvement of employees in the introduction of new technologies
• Supported by the Universities of Trier, Bremen and Duisburg-Essen

Dusseldorf, 7 December 2018 - The Balcke-Dürr Group, a subsidiary of Mutares AG (ISIN: DE000A2NB650), is one of three companies participating in the DIAMANT research project ("Digitalized Ideas and Work Management in Production, Logistics and Retail"). The aim of the project is to involve employees in the introduction of new technologies in the value chain.

In the project supported by the Universities of Trier, Bremen and Duisburg-Essen, different strategies are developed in cooperation with experts from psychology, computer science and logistics to successfully counter digitization and artificial intelligence. Together with employees, works councils and executives, the project accompanies the handling of the changed demands on the employees in order to develop new competence profiles. In particular, abstraction and problem-solving skills are required to cope with complexity as well as the handling of automated applications and artificial intelligence.

"Digitalization and artificial intelligence mean not only new intelligent solutions for previously unresolved inefficiencies in a wide variety of processes, but also the need for a strategy for dealing with these very solutions. Particularly in companies with a long industrial history such as ours, it is important to ensure that all employees are able to cope with these changing requirements. We hope that by participating in the DIAMANT project, our employees will be able to use the opportunities of digital transformation even more efficiently in the future," says a spokesman for the Balcke-Dürr Group.

Other participants in the project are the REWE retail chain and the family business BOGE. The project is headed by junior professor Dr. Caroline Ruiner from the University of Trier and funded by the German Federal Ministry of Labour and Social Affairs of Germany with EUR 1.5 million.
 

Company Profile of the Balcke-Dürr Group

Balcke-Dürr is one of the leading manufacturers of components for increasing energy efficiency and reducing emissions for industry with over 130 years of experience. The Düsseldorf-based company is a subsidiary of the Munich-based Mutares Group.

Company profile of Mutares AG

Mutares AG, Munich (www.mutares.de), acquires medium-sized companies and parts of groups that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company. The shares of Mutares AG are listed on Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: DE000A2NB650).

For more information:

Mutares AG
Corinna Lumpp
Manager Investor Relations & Strategy
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
ir@mutares.de
www.mutares.de

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