Mutares SE & Co. KGaA $MUX (-0,19%) has signed an agreement to acquire Nervión Industries, Engineering and Services, S.L.U. ("Nervión" or the "Company") from Amper S.A.. The Company will strengthen Mutares' Goods & Services segment as a new platform investment. The transaction is expected to close in the first quarter of 2025.
Founded in 1956, Nervión is a leading Iberian industrial services provider with extensive experience in serving Tier 1 clients in various end markets, including oil and gas, industry and energy. The company has built a strong reputation by consolidating a wide range of activities, with its core business focused on industrial maintenance and assembly. In addition, Nervión is active in key areas such as the construction of photovoltaic plants, the construction and assembly of storage tanks and air pollution control solutions.
With consolidated revenues of approximately EUR 200 million, the company is well positioned for future growth, supported by its robust commercial network and a track record of delivering exceptional results for its customers. Completion of the transaction is subject to customary merger control reviews and bank approvals.
Johannes Laumann, CIO of Mutares, comments: "With the acquisition of Nervión, we further strengthen our Goods & Services segment by integrating a leading player in the Iberian industrial services market. With its strong growth potential and highly respected brand in Spain, Nervión not only expands our portfolio but also consolidates our presence in the Spanish industrial services sector. This acquisition provides us with a unique opportunity to leverage our extensive expertise to support Nervión's growth and strategic development. We at Mutares look forward to working with the management team and employees to prepare the company for the next phase of growth and to build a solid foundation for the company's future success."