Mutares SE & Co. KGaA has successfully completed the acquisition of a majority stake in Sofinter Group.
#transactionnews 📰 𝐖𝐞 𝐡𝐚𝐯𝐞 𝐬𝐮𝐜𝐜𝐞𝐬𝐬𝐟𝐮𝐥𝐥𝐲 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐝 𝐭𝐡𝐞 𝐚𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧 𝐨𝐟 𝐚 𝐦𝐚𝐣𝐨𝐫𝐢𝐭𝐲 𝐬𝐭𝐚𝐤𝐞 𝐢𝐧 𝐒𝐨𝐟𝐢𝐧𝐭𝐞𝐫 𝐆𝐫𝐨𝐮𝐩. The acquisition further strengthens the Engineering & Technology segment of Mutares. Sofinter is a leading player specialized in designing and manufacturing of steam generators for different markets. The company has 4 factories located in Italy and Romania ensuring European quality standards. With around 680 employees, Sofinter generated revenues of over EUR 200 million in 2023. Sofinter operates through 4 main brands offering a diversified product range in more than 45 countries: Macchi, AC Boilers, Europower, and Itea. Sofinter is very well positioned in the market thanks to its broad product range, which enables it to serve different markets and customer needs, its outstanding technical competence and its continuous investment in R&D. The aim is to exploit new market opportunities leveraging on Sofinter skills and quality highly recognized and appreciated in the market. Thanks to its considerable installed base of equipment worldwide, the company targets to significantly develop its service and aftermarket business in the future. #portfolio #growth #mutares #listed #privateequity