Mutares Accelerates Transaction Activity in Second Quarter with Multiple Acquisitions and Exit Deals in Advanced Stages

Mutares Accelerates Transaction Activity in Second Quarter with Multiple Acquisitions and Exit Deals in Advanced Stages

(IN BRIEF) Mutares has entered the second quarter of 2026 with strong transaction momentum, following multiple acquisitions and exit agreements in the first quarter. The company expects to complete several additional deals on both the buy and sell sides, including major transactions involving Wärtsilä, Hamberger Industriewerke, and SABIC. These activities are expected to significantly increase revenues, expand the company’s international footprint, and enhance its portfolio. At the same time, Mutares is advancing further exit processes in high-demand sectors such as energy infrastructure and defense. Positive investor feedback has also been reported regarding the company’s strategy to manage its bond covenant situation, supporting confidence in its financial outlook and growth trajectory.

(PRESS RELEASE) MUNICH, 20-Mar-2026 — /EuropaWire/ — Mutares SE & Co. KGaA has entered the second quarter of 2026 with strong transactional momentum, building on a highly active first quarter that included three signed acquisitions and six exit agreements. The company reports that both its acquisition and divestment pipelines are at an advanced stage and are expected to play a significant role in driving revenue growth and value creation over the coming months.

The company is accelerating its exit strategy, with three additional transactions expected to be signed and four anticipated to close during the second quarter. Following the previously agreed disposals of Conexus, Kalzip, inTime, and Relobus, several key exits are nearing completion. At the same time, preparations are underway for further divestments in the Energy & Technology as well as Infrastructure & Defense segments, where investor demand remains particularly strong. Increased investment in energy infrastructure and rising defense budgets have intensified competition for high-quality assets, supporting favourable valuation conditions.

Alongside its exit activity, Mutares is progressing a number of acquisitions, with five closings expected in the near term. These include the Gas Solutions business unit from Wärtsilä, the flooring division of Hamberger Industriewerke, and SABIC’s Engineering Thermoplastics business across Europe and the Americas. In addition, two further acquisitions have already been signed and are pending regulatory approval.

The first three of these transactions alone represent combined annual revenues of approximately EUR 2.5 billion, underlining the scale of the company’s expansion. In particular, Mutares sees strong value creation potential in SABIC’s Engineering Thermoplastics business, which generates around EUR 2.0 billion in annual revenues, is supported by a substantial equity base, and has historically delivered operating results exceeding EUR 500 million. Its established industrial footprint in the United States further enhances its strategic importance.

The company expects these combined activities to significantly strengthen its operational platform, expand its international presence, and deepen its portfolio across multiple sectors. The second quarter is anticipated to be marked by a high level of transaction activity, setting the stage for further growth in the second half of the year.

Mutares also reported positive engagement with investors during the Nordic Bond Conference, where discussions focused on preliminary financial figures for 2025 and the company’s proactive approach to addressing a potential temporary breach of a financial covenant linked to its 2023/2027 bond. The proposed strategy, which includes a bond buyback to reduce outstanding debt, received supportive feedback. As a result, the company expects bondholders to approve a temporary waiver regarding compliance with the relevant financial covenant.

Media Contact:

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
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E-Mail: sh@crossalliance.de
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SOURCE: Mutares SE & Co. KGaA