Announced
Completed
Financials
Sources
Tags
Acquisition
Public
Domestic
Germany
composite parts
Auto Parts
Single Bidder
automotive parts
Majority
Friendly
Completed
Private Equity
Synopsis
Adler Pelzer Group, which designs, engineers, manufactures acoustic and thermal components and systems for the automotive sector, completed the acquisition of a 73.25% stake in STS Group, a global supplier of composite parts for transportation systems, from Mutares, a German-based holding company, for €76m. “With the potential closing of this transaction, this exit marks a highlight in the Mutares history. The investment in STS Group AG will be the most successful in Mutares history and has sustainably shown that our business model, as well as our buy-and-build approach, was successfully executed. We are proud to have built up this Group, which will now be placed in good hands following our best owner principle,” Robin Laik, Mutares CEO and Founder.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.