Mutares completes the acquisition of the truck supplier business of the Plastic Omnium Group

mutares AG (ISIN: DE000A0SMSH2) has completed the acquisition of the truck supplier business of the Plastic Omnium Group. Through the integration with the STS Group, mutares creates a leading global truck supplier with a total turnover of EUR 400m and 2,700 employees in 16 plants.

 

mutares AG has completed the acquisition of the truck supplier business of the Plastic Omnium Group. The business division generates a turnover of approx. EUR 200m with

1,500 employees in nine production facilities in France, Germany, China, and Mexico. The product portfolio encompasses exterior components and modules for truck cabins and perfectly complements with the one of STS. All major European truck manufacturers belong to the customer base.

 

Through the recent acquisitions, STS becomes a global supplier of interior, exterior, and NVH parts for light to heavy commercial vehicles as well as for passenger cars. The company will generate revenues of EUR 400m with 2,700 employees in 16 production facilities spanning across four continents. The numerous cross-selling opportunities in the product portfolio provide high potential for organic growth.

 

Company profile of mutares AG

 

mutares AG, Munich (www.mutares.de), acquires companies, that are being sold in the course of a repositioning process at their owners and that show a clear operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to achieve a clear value increase. The focus of the operational work is to ensure sustainable, long-term growth. The shares of mutares AG are listed on the Frankfurt Stock Exchange under the ticker symbol “MUX” (ISIN: DE000A0SMSH2).

 

Company profile of STS Group

 

STS develops to become a global supplier to automotive industry. The know-how in acoustics for cars and commercial vehicles developed over decades. The carve out in 2013 created the independent business of STS-Acoustics. In 2015 a plant in Poland was founded and in 2016 two plants in France were acquired, strengthening the business for commercial vehicles. In 2017 STS Group AG was established to set the fundament for further growth with a focus on soft trim and hard trim parts for commercial vehicles worldwide.