Mutares Boosts Expansion with AUMOVIO Acquisition and New Platform Zendra Systems
Mutares, a German investment holding company, has made significant strides in its expansion strategy. On October 2, the company completed two strategic acquisitions, AUMOVIO in Italy and Kawneer EU, while also announcing the creation of a new platform investment named Zendra Systems.
The AUMOVIO acquisition, a drum brake manufacturer, is a key addition to Mutares' portfolio. Based in Italy, AUMOVIO brings with it a workforce of 400 employees, a robust research and development department, and projected revenues of 100 million euros by 2025. This deal is part of Mutares' strategic focus on the 'Automotive & Mobility' segment.
Earlier this year, Mutares demonstrated its acquisitive prowess by completing two deals in a single day. On October 2, 2021, the company acquired Buderus Edelstahl, a stainless steel producer, and another unnamed company. While the industry of the second company remains unspecified, these acquisitions reflect Mutares' diversified investment approach.
Mutares' recent activities, including the creation of Zendra Systems and the AUMOVIO acquisition, underscore the company's commitment to strategic growth. By expanding its portfolio with companies like AUMOVIO, Mutares continues to strengthen its position in the 'Automotive & Mobility' sector and beyond.
