KICO | Jotup

EQS-News: Mutares positions newly formed HILO Group as system supplier of high-quality automotive technology

Retrieved on:

Tuesday, January 30, 2024

ISH, HQ, Frankfurt Stock Exchange, Regulated market, Supervisory board, Mobility, Automotive industry, SDAX, MUX, Original equipment manufacturer, EUR, KICO, High, Growth, Fine chemical

Munich, January 25, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) is announcing the formation of another globally active automotive supplier operating under the name HILO Group.

Key Points:

Munich, January 25, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) is announcing the formation of another globally active automotive supplier operating under the name HILO Group.
The newly founded holding company will consolidate Mutares' business for innovative precision components for OEMs, including hinges and locking systems.
HILO Group, as a leading global supplier of hinge and locking systems, within the Mutares Automotive & Mobility segment, will have a significant role in its future growth development.
Robin Laik, CEO of Mutares, comments: "I am very pleased to announce the formation of HILO Group as another globally active supplier for OEMs strengthening our Automotive & Mobility segment.

EQS-News: Mutares has successfully completed the acquisition of PRINZ Kinematics GmbH from AL-KO

Retrieved on:

Wednesday, January 3, 2024

Munich, January 3, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of PRINZ Kinematics GmbH (“PRINZ”) from AL-KO.

Key Points:

Munich, January 3, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of PRINZ Kinematics GmbH (“PRINZ”) from AL-KO.
With the four companies KICO, ISH, High Precision Components and PRINZ, Mutares is planning total revenues of approx.
As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding.
The Management Board and Supervisory Board together hold more than one-third of all Mutares shares with voting rights.

EQS-News: Mutares has successfully completed the acquisition of High Precision Components Witten GmbH from Westebbe Verwaltungs GmbH and Peter Flaschel

Retrieved on:

Wednesday, December 27, 2023

HQ, KICO, MUX, EUR, Automotive industry, Frankfurt Stock Exchange, Original equipment manufacturer, Mobility, ISH, Regulated market, Acquisition, High, Supervisory board

Munich, December 4, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of High Precision Components Witten GmbH from Westebbe Verwaltungs GmbH and Peter Flaschel.

Key Points:

Munich, December 4, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of High Precision Components Witten GmbH from Westebbe Verwaltungs GmbH and Peter Flaschel.
The company will join KICO & ISH as a new add-on investment, strengthening the group's presence in the market and the Automotive & Mobility segment of Mutares.
Founded in 2015 with roots dating back to 1901, High Precision Components is a specialist for innovative precision components for OEMs, including hinges, locking systems and body modules.
With the four companies KICO, ISH, High Precision Components and PRINZ, Mutares is planning total revenues of approx.

EQS-News: Thirteenth acquisition in 2023: Mutares has signed an agreement to acquire PRINZ Kinematics GmbH from AL-KO

Retrieved on:

Monday, December 25, 2023

Munich, November 24, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire PRINZ Kinematics GmbH (“PRINZ”) from AL-KO.

Key Points:

Munich, November 24, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire PRINZ Kinematics GmbH (“PRINZ”) from AL-KO.
With the four companies KICO, ISH, High Precision Components and PRINZ, Mutares is planning total revenues of approx.
Robin Laik, CEO and founder of Mutares, comments: "With the acquisition of PRINZ in Germany, we are further expanding our Automotive & Mobility segment.
The Management Board and Supervisory Board together hold more than one-third of all Mutares shares with voting rights.

EQS-News: Eleventh acquisition in 2023: Mutares signed an agreement to acquire High Precision Components Witten GmbH from Westebbe Verwaltungs GmbH and Peter Flaschel

Retrieved on:

Tuesday, November 7, 2023

Munich, November 6, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire High Precision Components Witten GmbH from Westebbe Verwaltungs GmbH and Peter Flaschel.

Key Points:

Munich, November 6, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire High Precision Components Witten GmbH from Westebbe Verwaltungs GmbH and Peter Flaschel.
High Precision Components Witten GmbH, a leading Tier 1 automotive supplier, will join KICO & ISH, strengthening the group's presence in the market.
Founded in 2015 with roots dating back to 1901, High Precision Components is based in Witten, Germany.
By investing in High Precision Components Witten GmbH, Mutares underlines its commitment to strengthening the Automotive & Mobility segment and expanding its portfolio.

AM Best Withdraws Credit Ratings of Kingstone Insurance Company

Retrieved on:

Thursday, July 6, 2023

Professional Services, Insurance, Finance, AM Best, ALL, KICO, Credit, AM, News

AM Best has affirmed the Financial Strength Rating of B- (Fair) and the Long-Term Issuer Credit Rating of “bb-” (Fair) of Kingstone Insurance Company (KICO) (Kingston, NY).

Key Points:

AM Best has affirmed the Financial Strength Rating of B- (Fair) and the Long-Term Issuer Credit Rating of “bb-” (Fair) of Kingstone Insurance Company (KICO) (Kingston, NY).
Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive rating process.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

EQS-News: Correction of a release from 09/05/2023, 07:30 CET/CEST - Mutares with a strong first quarter 2023 – Significant leap in profit of 21 % in the holding company – Setting the course for further growth

Retrieved on:

Tuesday, May 9, 2023

A significant increase in revenues and a disproportionate improvement in earnings were achieved at both the level of the company (“Mutares Holding”) and the Group (“Mutares Group”).

Key Points:

A significant increase in revenues and a disproportionate improvement in earnings were achieved at both the level of the company (“Mutares Holding”) and the Group (“Mutares Group”).
Mutares Holding’s net income for the first quarter increased by 21% from EUR 6.8 million to EUR 8.2 million.
This includes already costs of EUR 4.5 million for the successful refinancing of the bond in line with market standards.
Mutares generated consolidated revenues of EUR 1,108.0 million at Group level in the first quarter of 2023 (previous year: EUR 852.5 million).

EQS-News: Mutares with a strong first quarter 2023 – Significant leap in profit of 21 % in the holding company – Setting the course for further growth

Retrieved on:

Tuesday, May 9, 2023

A significant increase in revenues and a disproportionate improvement in earnings were achieved at both the level of the company (“Mutares Holding”) and the Group (“Mutares Group”).

Key Points:

A significant increase in revenues and a disproportionate improvement in earnings were achieved at both the level of the company (“Mutares Holding”) and the Group (“Mutares Group”).
Mutares Holding’s net income for the first quarter increased by 21% from EUR 6.8 million to EUR 8.2 million.
This includes already costs of EUR 4.5 million for the successful refinancing of the bond in line with market standards.
Mutares generated consolidated revenues of EUR 1,108.0 million at Group level in the first quarter of 2023 (previous year: EUR 852.5 million).

AM Best Downgrades Credit Ratings of Kingstone Insurance Company

Retrieved on:

Friday, May 5, 2023

Insurance, Professional Services, AM Best, ALL, ERM, KICO, Finance, Credit, AM, News, Reinsurance

AM Best has downgraded the Financial Strength Rating to B- (Fair) from B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb-” (Fair) from “bb” (Fair) of Kingstone Insurance Company (KICO) (Kingston, NY).

Key Points:

AM Best has downgraded the Financial Strength Rating to B- (Fair) from B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb-” (Fair) from “bb” (Fair) of Kingstone Insurance Company (KICO) (Kingston, NY).
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Ivanhoe Mines and Gécamines Agree on Off-Take and Financing Terms to Return the Ultra-High-Grade Kipushi Mine in the DRC to Production

Retrieved on:

Thursday, April 27, 2023

"The off-take and financing milestones are critical deliverables that allow us to return Kipushi to production by the third quarter of next year.

Key Points:

"The off-take and financing milestones are critical deliverables that allow us to return Kipushi to production by the third quarter of next year.
"In partnership with Gécamines, we are closing in on a monumental achievement to return the great Kipushi Mine to production.
KICO is 68% owned by Kipushi Holding, a wholly owned subsidiary of Ivanhoe Mines, and the remaining 32% of KICO is owned by Gécamines.
Back (L-R): Ludovic Monga Banza Kabongo, Deputy GM, Gécamines; Olivier Binyingo, SVP Public Affairs DRC, Ivanhoe Mines; Jack Masangu A Mwanza, Deputy GM, Gécamines; Stephane Cormier, Advisor, Gécamines.