Ninth acquisition in 2024: Mutares has completed the acquisition of
Hirschvogel Incorporated from Hirschvogel Holding GmbH

EQS-News: Mutares SE & Co. KGaA / Key word(s): Investment/Takeover
Ninth acquisition in 2024: Mutares has completed the acquisition of
Hirschvogel Incorporated from Hirschvogel Holding GmbH

08.07.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Ninth acquisition in 2024: Mutares has completed the acquisition of
Hirschvogel Incorporated from Hirschvogel Holding GmbH

  * First deal in USA right after the office opening in Chicago supporting
    Mutares' growth targets and highlighting the strategic importance of the
    expansion into the US

* Add-on investment to strengthen the FerrAl United Group

  * Specialist in the forging and machining of steel parts for OEMs and
    Tier-1 suppliers

Munich, July 8, 2024 - Walor International S.A.S., part of the FerrAl United
Group and ultimately controlled by Mutares SE & Co. KGaA (ISIN:
DE000A2NB650), has completed the acquisition of Hirschvogel Incorporated
from Hirschvogel Holding GmbH. The company will join the FerrAl United Group
as a new add-on investment, strengthening the group's presence in the US
market as a global partner for iron and aluminum-based castings and forgings
and their machining and the Automotive & Mobility segment of Mutares.
Hirschvogel Incorporated will be renamed Walor North America Inc. further to
the acquisition.

Based in Columbus, Ohio, USA, the company is a specialist in the forging and
machining of steel components with core capabilities in warm forging, cold
forging machining and heat treatment. Its broad product range includes
pinions, transmission shafts, rotor shafts, yokes and joints, which the
company supplies to a wide range of OEMs and Tier-1 suppliers such as Ford,
Metallus and Dana. With around 320 employees, the company generated revenues
of approx. EUR 100 million in 2023 with significant growth potential.

The new acquisition is intended to further expand the FerrAl United Group's
forging and machining footprint in the USA and realize cross-selling and
production synergies within the Group. FerrAl United Group is a globally
active automotive supplier of castings and forgings based in Frankfurt/Main,
Germany, with more than 30 sites worldwide.

Johannes Laumann, CIO of Mutares, comments: "I am very pleased to announce
our first deal in the USA right after our office opening in Chicago, in line
with our internationalization strategy. With Hirschvogel Inc. joining the
FerrAl United Group, I am highly confident, that we can further expand the
company's market position and realize synergies within all companies in the
FerrAl United Group. This achievement marks a significant milestone for us
in this enormous growth market. We are optimistic that this is just the
beginning of a series of successful transactions, and we look forward to
capitalizing on the enormous opportunities the US market has to offer."

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.com), a listed private equity
holding company with offices in Munich (HQ), Amsterdam, Bad Wiessee,
Frankfurt, Helsinki, London, Madrid, Milan, Chicago, Mumbai, Paris,
Shanghai, Stockholm, Vienna and Warsaw, acquires companies in special
situations which show significant operational improvement potential and are
sold again after undergoing a repositioning and stabilization process. For
the fiscal year 2024, consolidated revenues of EUR 5.7 billion to EUR 6.3
billion are expected. Based on this, consolidated revenues are to be
expanded to approx. EUR 7 billion by 2025 and EUR 10 billion by 2028. As the
portfolio grows, so do consulting revenues, which together with portfolio
dividends and exit proceeds accrue to the Mutares Holding. On this basis,
the Holding Company is expected to generate a net income of EUR 108 million
to EUR 132 million for the fiscal year 2024, EUR 125 million to EUR 150
million for the fiscal year 2025 and EUR 200 million for the fiscal year
2028. The Management Board and Supervisory Board together hold more than
one-third of all Mutares shares with voting rights. The shares of Mutares SE
& Co. KGaA are traded on the Regulated Market of the Frankfurt Stock
Exchange under the symbol "MUX" (ISIN: DE000A2NB650) and have been part of
the selection index SDAX since December 2023.

For more information, please contact:

Mutares SE & Co. KGaA
Investor Relations
Phone: +49 89 9292 7760
E-mail: ir@mutares.de
www.mutares.com

Press Contact in Germany
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

Press Contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Press Contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk


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08.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Mutares SE & Co. KGaA
                   Arnulfstr.19
                   80335 Munich
                   Germany
   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
   WKN:            A2NB65
   Indices:        SDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1940921

End of News EQS News Service
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1940921 08.07.2024 CET/CEST