Munich, August 10, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire the three forging companies Gesenkschmiede Schneider, Schöneweiss & Co. and Falkenroth Umformtechnik from CIE Forgings Germany, ultimately held by CIE Automotive S.A. The transaction will further strengthen the FerrAl United Group, a multinational supplier of metal-based components and systems, which combines the Mutares portfolio companies PrimoTECS Group (including Rasche Umformtechnik and BEW Umformtechnik), Cimos and MMT-B (Manufacturing Mobility of Tomorrow – Bordeaux) and most recently the acquisition of SELZER Group signed in July 2023. The enterprise value of the transaction amounts to EUR 55.5 million less relevant debt. The transaction is expected to close in the third quarter of 2023.
