Eighth acquisition in 2023: Mutares has successfully completed the acquisition of the assets of Holland Industrial Construction Systems Coöperatief U.A. and its subsidiaries

Eighth acquisition in 2023: Mutares has successfully completed the acquisition of the assets of Holland Industrial Construction Systems Coöperatief U.A. and its subsidiaries (‘Byldis’)

• New platform investment to strengthen the Engineering & Technology segment
• Byldis designs, manufactures and installs prefabricated/ off-site produced building structure components for high- and mid-rise buildings in the European and United Kingdom construction markets
• Revenues of ca. EUR 120 million

Munich, October 11, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of assets of Holland Industrial Construction Systems Coöperatief U.A. and its subsidiaries (‘Byldis’). As a new platform investment, the company will strengthen the Engineering & Technology segment.

As a market leader in Modern Methods of Construction (MMC) with over 50 years of experience in engineering, precast concrete, and facade technology, Byldis offers an off-site alternative to traditional construction methods within the European mid- and high-rise construction market from the initial request and design through manufacturing and assembly in one of their factories, to installation at the construction site. Serving as a one-stop-shop for engineering, production, installation, transportation, and on-site assembly, Byldis’ method is up to 50% faster than traditional on-site construction with reduced risk of safety and failure costs. Headquartered in Veldhoven, the Netherlands, the company operates primarily in the Netherlands and the United Kingdom and employs approximately 300 employees.

Mutares is strongly committed to strengthen the company’s project execution capabilities and accelerate the path to profitability. Further improvements are expected within optimization of the corporate governance structure, restoring the strong brand perception in the market and through implementation of operational excellence initiatives.

Johannes Laumann, CIO of Mutares, comments: "With our support we are convinced we can materialize the excellent and unique product offering for the mid- and high-rise market. Byldis is a great addition to our Engineering & Technology segment strengthening our expertise and successful track-record in the field of construction solutions. With this eighth acquisition I am very confident that we will reach our unspoken target of one transaction per month in 2023."

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.com), as a listed private equity holding company with offices in Munich (HQ), Amsterdam, Frankfurt, Helsinki, London, Madrid, Milan, Paris, Shanghai, Stockholm, Vienna and Warsaw, acquires medium-sized companies in special situations, based in Europe, which show significant operational improvement potential and are sold again after undergoing a repositioning and stabilization process. For the fiscal year 2023, consolidated revenues of EUR 4.8 billion to EUR 5.4 billion are expected. Based on this, consolidated revenues are to be expanded to approx. EUR 7 billion by 2025. As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding. Accordingly, a net income in the holding company in the range of EUR 125 million to EUR 150 million is expected for the fiscal year 2025. The Management Board and Supervisory Board together hold more than one third of all Mutares shares with voting rights. The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650).

For more information, please contact:

Mutares SE & Co. KGaA
Investor Relations
Phone: +49 89 9292 7760
E-mail: ir@mutares.de
www.mutares.de

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