Fifth acquisition in 2024: Mutares has signed an agreement to acquire FSL
Ladenbau GmbH

EQS-News: Mutares SE & Co. KGaA / Key word(s): Investment/Takeover
Fifth acquisition in 2024: Mutares has signed an agreement to acquire FSL
Ladenbau GmbH

14.05.2024 / 14:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Fifth acquisition in 2024: Mutares has signed an agreement to acquire FSL
Ladenbau GmbH

  * Add-on acquisition to strengthen the Ganter Group with synergies within
    the range of customers and supply chain

* Leading shopfitting provider with strong presence in Northern Germany

* Revenues of ca. EUR 15 million planned in 2024

Munich, May 14, 2024 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed
an agreement to acquire FSL Ladenbau GmbH from shareholders Christian Füßer,
Marion Füßer and Guido Krümpel. The transaction will strengthen the Ganter
Group, a general contractor and expert in high-quality interior finishing,
as a new add-on acquisition. The closing of the transaction is expected by
the end of Q2 2024.

Founded in 1973 and based in Westerstede, Germany, FSL Ladenbau is a
specialist in shopfitting services and plans to achieve ca. EUR 15 million
in revenues in 2024. With its own production facility as well as a strong
commercial network, the company has established itself as a leader in the
industry and is renowned for its innovative design and manufacturing
capabilities. Thanks to the focus on bespoke shopfitting solutions, FSL has
built a strong reputation with a wide range of loyal customers.

As part of the Ganter Group, FSL Ladenbau is poised for significant growth
in sales volumes and operational performance. With the support of Ganter's
expertise in project management and controlling as well as resource
management, FSL plans to execute a robust order book. The acquisition is
expected to boost Ganter Group's revenues to approximately EUR 67 million in
2024.

Robin Laik, CEO and founder of Mutares, comments: "The acquisition of FSL
Ladenbau, significantly strengthens the Ganter Group by bringing
complementary customer portfolios and own production capabilities that
enhance our competitive position in the market. We look forward to working
with the FSL team to support their growth initiatives and achieve valuable
synergies within the Ganter Group."

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, 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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14.05.2024 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:    1902779

End of News EQS News Service
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1902779 14.05.2024 CET/CEST