Eighth and largest acquisition in 2024: Mutares has signed an agreement to
acquire Serneke Sverige from Serneke Group

EQS-News: Mutares SE & Co. KGaA / Key word(s): Investment/Takeover
Eighth and largest acquisition in 2024: Mutares has signed an agreement to
acquire Serneke Sverige from Serneke Group

01.07.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Eighth and largest acquisition in 2024: Mutares has signed an agreement to
acquire Serneke Sverige from Serneke Group

* Strengthening the Nordic presence and supporting Mutares growth targets

  * New platform investment to strengthen the Engineering & Technology
    segment

* Revenues of approx. EUR 700 million (approx. SEK 7.9 billion) in 2023

* Fourth largest general contractor in Sweden

Munich, July 1, 2024 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed
an agreement to acquire Serneke Sverige AB from Serneke Group AB (publ). The
company will strengthen the Engineering & Technology segment as a new
Swedish platform investment. Closing of the transaction is subject to merger
approval, FDI approval as well as FSR approval.

Serneke Sverige is a leading general contractor focusing on the construction
of service & infrastructure properties, residential properties, and
commercial properties. The company has over 200 active projects and offers
its services throughout Sweden. Clients primarily consist of public
agencies, municipalities, and large private corporations. The company was
founded in 2002 and currently employs ca. 750 employees.

Robin Laik, CEO of Mutares, comments: "With this transaction Mutares further
builds on its successful presence in Sweden, after having recently
successfully sold Frigoscandia. This is a bolt step supporting our growth
target of EUR 10 billion of Group revenues and EUR 200 million of Holding
net income. We are very happy to welcome Serneke Sverige to our portfolio
and remain committed to continue growing our presence in Sweden and the
Nordic region."

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, 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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01.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
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:    1930027

End of News EQS News Service
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1930027 01.07.2024 CET/CEST