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M&A Deal Summary

mutares AG Acquires iinovis

On October 13, 2020, private equity firm mutares AG acquired engineering company iinovis from Valmet Automotive

Acquisition Highlights
  • This is mutares AG’s 1st transaction in the Engineering sector.
  • This is mutares AG’s 1st transaction in Finland.
Investment Fate
  • iinovis was sold to a consortium of financial buyers in 2024.

M&A Deal Summary
Date 2020-10-13
Target iinovis
Sector Engineering
Buyer(s) mutares AG
Sellers(s) Valmet Automotive
Deal Type Divestiture

Target

iinovis

Bad Friedrichshall, Finland
iinovis is an engineering service provider that supports international customers in the development and production of technologically complex solutions. The company is organized into five business units: Vehicle / Motorcycle Development, eDrive & Electrics / Electronics, Simulation, Testing and Prototyping / Small Series Production. iinovis was founded in 1968 and is based in Bad Friedrichshall, Germany.

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Buyer(S) 1

Buyer

mutares AG

Munich, Germany

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

mutares AG (MUX:Berlin) is a publicly traded German holding group that acquires controlling stakes in small and medium-sized companies. mutares looks for businesses facing special situations, such as non-core divestitures, succession issues, or in need of restructuring. Target companies generally have at least €10 million in revenues. mutares does not have any sector preferences. mutares AG was formed in 2008 and is based in Munich.

DEAL STATS #
Overall 33 of 52
Sector: Engineering M&A 1 of 1
Type: Divestiture M&A Deals 24 of 39
Country: Finland M&A 1 of 2
Year: 2020 M&A 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-30 Nexans Metallurgie Deutschland

Bramsche, Germany

Nexans Metallurgie Deutschland is an oxygen-free copper rod mill and drawing manufacturer for diversified industries with an annual capacity of 60,000 tons. It serves major first and second-tier customer base for automotive, white goods, and general industrial applications. Nexans Metallurgie Deutschland is based in Bramsche, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-04 Royal De Boer

Leeuwarden, Netherlands

Royal De Boer is a manufacturer of barn equipment such as feed fences, cubicles, ventilation and manure systems, operating one production plant. Royal De Boer was founded in 1869 and is based in Leeuwarden, Netherlands.

Buy -

Seller(S) 1

SELLER

Valmet Automotive

Uusikaupunki, Finland
Category Company
Founded 1968
Sector Automotive
Employees1,618
Revenue 203M EUR (2013)
DESCRIPTION

Valmet Automotive is a provider of automotive engineering, vehicle manufacturing, convertible roof systems, and related business services. Valmet Automotive was formed in 1968 and is based in Uusikaupunki, Finland.

DEAL STATS #
Overall 1 of 1
Sector: Engineering M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-02 Semcon AB - Engineering Operations

Germany

Semcon AB - Engineering Operations provides services related to prototype and testing activities.

Buy -
Mergr

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