on Mutares SE & Co. KGaA (isin : DE000A2NB650)
Mutares Sells Walor Precision Turning to Reed Capital
Mutares SE & Co. KGaA has finalized the sale of Walor Precision Turning to Reed Capital. Walor, a key supplier of high-precision turned metal components, especially for automotive safety systems like seatbelt pretensioners, has a notable international presence with facilities in France, Romania, and Mexico.
Under Mutares' ownership since 2023, Walor underwent significant changes including organizational strengthening and cost optimization. These efforts boosted its annual revenues to approximately EUR 55 million, with a workforce of 400 employees.
This transaction supports Mutares' strategy of enhancing its automotive portfolio value. Reed Capital, operating from Paris and London, focuses on businesses with strong growth potential. Their acquisition of Walor underscores their commitment to fostering long-term value.
R. P.
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