Mutares SE & Co. KGaA $MUX (+0,43%) has received an irrevocable offer from Fouré Lagadec, a subsidiary of SNEF, to acquire the Mutares portfolio company Clecim.
The parties will now initiate a consultation process with the relevant works councils.
The transaction is expected to be finalized in the fourth quarter of 2025 after completion of the consultations and subject to customary market conditions.
Clecim is a renowned supplier of carbon and stainless steel processing lines, stainless steel rolling mills, mechatronic products and metallurgical services, serving steel producers around the world for more than 100 years.
The company generates sales of approximately EUR 55 million and employs around 200 people.
Since the acquisition from Primetals Technologies Group in 2021, Clecim has initiated a transformation and optimization process under the leadership of Thomas Comte, who was appointed CEO at the time of the acquisition and is supported by the Mutares operations team.
The focus is on concentrating on key projects and products to improve overall quality, implementing tight project management to improve performance and profitability, and optimizing the cost structure.
In recent years, Clecim has also successfully implemented a diversification strategy and entered several new markets, including the defense and energy sectors.
Fouré Lagadec plans to build on the company's initiatives, develop synergies and further expand the business internationally.
《Johannes Laumann, CIO of Mutares, comments
"The envisaged sale of Clecim confirms Mutares' strategic approach to create value for its portfolio companies. Over the past four years, we have successfully repositioned Clecim as a stand-alone company and prepared it for further global expansion by leveraging our expertise in the steel construction industry. This sale to a strategic buyer demonstrates our team's ability to stabilize businesses and generate growth while creating sustainable value for Mutares and our portfolio companies."