Adler Pelzer Group completed the acquisition of a 73.25% stake in STS Group from Mutares for €76m.

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.