Mutares completed the acquisition of PrimoTECS from Tekfor Group.

Mutares, a German-based holding company that acquires medium-sized companies, completed the acquisition of PrimoTECS, an automotive supplier of components for various products, from Tekfor Group, a well-known manufacturer of automotive components. Financial terms were not disclosed. “With the acquisition of the Italian business of the Tekfor Group as a platform investment, we are further developing our Automotive & Mobility segment. Mutares has enormous expertise and a successful track record in the automotive sector, which we look forward to building on with this acquisition. Especially in the current market situation, after careful selection, there are attractive purchase opportunities for Mutares in this segment, where we can make the difference with our experience and our operational approach," Robin Laik, Mutares CEO.