Mutares completed the acquisition of KmB Technologie from EMAG Industrial and Scherer Holding.

Mutares, a private equity firm, completed the acquisition of KmB Technologie, a manufacturer of high-precision turned and milled parts used in steering systems, transmissions, and chassis, from EMAG Industrial and Scherer Holding. Financial terms were not disclosed. “With KmB Technologie, an established automotive supplier in Germany, we are strengthening the FerrAl United Group as a multinational supplier to the automotive industry. I am convinced that by leveraging production and distribution synergies within the group, we can further consolidate the market and realize the growth potential of the individual companies," Robin Laik, Mutares CEO.