DGAP-News: Mutares AG: Donges Group breaks EUR 230 million turnover mark with third add-on acquisition

2019. március 07., csütörtök, 07:30

DGAP-News: Mutares AG / Key word(s): Private Equity/Takeover

Mutares AG: Donges Group breaks EUR 230 million turnover mark with third add-on acquisition

07.03.2019 / 07:30

The issuer is solely responsible for the content of this announcement.

Mutares: Donges Group breaks EUR 230 million turnover mark with third add-on acquisition

  • Mutares accelerates growth of its portfolio company Donges Group

  • Donges Group acquires Europe-wide active FDT Group

  • Synergies and expansion of the product portfolio

  • Donges Group grows to around EUR 230 million in annual turnover

Munich/Darmstadt, March 7, 2019 - The Donges Group, a platform investment of Mutares AG (ISIN: DE000A2NB650) specializing in steel construction and high-quality roof and façade solutions, is expanding in the flat roof systems sector. The Mutares investment has signed a purchase agreement for the acquisition of FDT FlachdachTechnologie GmbH & Co. KG, based in Mannheim. The transaction marks the third strategic acquisition for the Darmstadt-based Donges Group and is expected to close until the end of March. This is already Mutares" second acquisition in the current fiscal year.

FDT is a company with a long tradition, almost 150 years of history and locations in Mannheim and Hemsbach. With the well-known products "Rhepanol" and "Rhenofol", the company is an established supplier in the German market for flat roof systems and excellently complements the product portfolio of the Donges Group. The company will be sold as part of a succession plan. The previous managing partner, Joachim Gussner, will be on hand to advise the company on any future requirements. FDT generated sales of around EUR 54 million in the past financial year and employs over 200 people.

"With FDT, we have already made the third add-on acquisition for the buy-and-build strategy of our portfolio company Donges Group. We are pleased to be able to acquire a company with a long tradition in the field of roof systems, whose products ideally expand the Donges Group"s product range. In addition, we expect mutual synergies in sales and processing. This strategic acquisition optimally supports the chosen path of the Donges Group to establish itself as a leading European market player in the field of steel construction, roof and façade systems", says Robin Laik, CEO of Mutares AG.

About Donges Group

The Donges Group has been part of the Mutares Group since November 2017 and represents a strategic platform investment in its Engineering & Technology portfolio segment. Following the rapid and successful completion of the turnaround program, Donges is now concentrating on further increasing profitability and optimizing its key business areas. The acquisition of FDT, following Kalzip and Normek, is already the third add-on acquisition of the Donges Group. The transaction is part of the sustainable repositioning of the portfolio company as a specialist provider of steel bridge construction, steel building construction and roof and facade solutions in the European market. Following the successful completion of the acquisition, the Donges Group expects annual sales of around EUR 230 million and employs around 800 people in 12 countries.

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


Contact press:

CROSS ALLIANCE communication GmbH

Susan Hoffmeister

Tel. +49 89 8982 7227


07.03.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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

Language: English
Company: Mutares AG


80335 Munich

Phone: +49 (0)89-9292 776-0
Fax: +49 (0)89-9292 776-22
E-mail: ir@mutares.de
Internet: www.mutares.de
ISIN: DE000A2NB650
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Frankfurt (Scale), Stuttgart, Tradegate Exchange

End of News DGAP News Service

784359  07.03.2019 

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