Ninth Acquisition in 2022

Mutares SE & Co. KGaA has signed an agreement to acquire Steyr Motors Betriebs GmbH and Steyr Motors Immo GmbH from Thales Austria GmbH, with a production site in Austria and a total of around 130 employees. The closing of the transaction is subject to regulatory approvals and is expected before the end of the year.

Steyr Motors is headquartered in Steyr, Austria, and is a well-known specialist in the development and production of high-performance engines and auxiliary electric power units for special purpose applications in vehicles and boats. The extremely robust, field-proven high-performance engines are based on a state-of-the-art technology and have a strong innovation pipeline ahead. The company aims for sustainable growth by continuous product evolution and expansion of its service offerings.

Johannes Laumann, CIO of Mutares, comments: “With this contemplated acquisition, which is the second buy-side deal of our newly opened office in Vienna, we aim to strengthen our footprint in Austria and our Engineering & Technology segment. Especially under current challenging market conditions, this segment shows a very resilient performance which would now be extended by this contemplated acquisition with a well-established player in this attractive niche market of engines for special heavy-duty applications.”

Published by:

Dr. Oliver Everling

Independent since 1998, he is Managing Director of RATING EVIDENCE GmbH. As visiting professor of Capital University of Economics and Business in Beijing, former chairman of the supervisory board of a rating agency, advisory board member, advisor, member of rating committees, chairman of ISO-TC Rating Services, author or publisher of books and a magazine, Independent Non-Executive Director under EU Regulation on Credit Rating Agencies, he has been or is involved in ratings from a variety of perspectives. Previously, he was for 6 years department director at Dresdner Bank and, until 1993, managing director of the Projektgesellschaft Rating mbH after a doctorate at the banking and stock exchange seminar of the University of Cologne.

Categories ENGLISHTags Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s