DGAP-News: mutares AG acquires Autoneum Italy DGA

DGAP-News: Mutares AG / Key word(s): Acquisition mutares AG acquires Autoneum Italy 23.07.2013 / 07:00 --------------------------------------------------------------------- P R E S S R E L E A S E Munich, 23th of July 2013 mutares AG, Munich, has acquired the Italian Autoneum Italy S.p.A., a subsidiary of Autoneum Holding AG, Winterthur, which is a global technology leader in acoustics and thermal management solutions in the automotive industry, on July 22nd, 2013. Autoneum Italy generated a turnover of EUR 109 million in 2012 and employs currently about 730 people at its five sites all over Italy. With a wide range of products Autoneum Italy offers innovative solutions for the acoustic and thermal management to its customers in the automotive industry. The customer base of Autoneum Italy consists of big truck producers like Iveco, Volvo, Scania and Daimler as well as the Italian car manufacturers Fiat, Alfa Romeo, Ferrari and Maserati. The sale of the Italian business is a strategic step of the Autoneum Group towards capacity adjustments in Europe while focusing on its core competences, the acoustic and thermal management for light vehicles. In the Italian market, the new mutares portfolio company will continue to benefit from the technological know-how of the Autoneum group as a licensee. Robin Laik, founder and member of the executive board of mutares, states: 'Autoneum Italy has a long experience in manufacturing innovative acoustic and thermal management solutions for the automotive industry. Based on this competence we are excited to further expand Autoneum Italy's business'. mutares AG, Munich (www.mutares.de), acquires midsized companies in whole and in part, which are sold as a result of a repositioning process at their owners and which exhibit a clear operational improvement potential. Getting engaged with their own teams, mutares actively supports their portfolio companies to generate a significant value increase. The focus of the operational work is to ensure sustainable, long-term growth. The stocks of mutares AG are listed at the Open Market segment of the Berlin stock exchange (symbol: MUX, ISIN: DE000A0SMSH2). For further information, we gladly receive your request at: mutares AG Susanne Staudt Investor Relations & Corporate Communications Tel: +49 89 9292776-0 Fax: +49 89 9292776-22 info@mutares.de End of Corporate News --------------------------------------------------------------------- 23.07.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 222387 23.07.2013