EQS-News: Fourteenth acquisition in 2023: Mutares has signed an agreement to acquire 83.08% equity of the TeamTex group from Nania Developpement and Crédit Mutuel Equity
Manufacturer of child restraint systems, through plastic injection moulding and blow moulding
- Manufacturer of child restraint systems, through plastic injection moulding and blow moulding
Munich, November 29, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire 83.08% of TeamTex Management and its subsidiaries (“TeamTex”) from Nania Developpement and Crédit Mutuel Equity. - TeamTex is headquartered in Charvieu-Chavagneux, France, and manufactures child restraint systems (car seats and accessories) thanks to its plastic injection moulding and blow moulding capabilities.
- With sales points in over 56 countries, either directly or through local distributors, TeamTex is a leader in its industry generating revenues of approx.
- The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650).