DGAP-News: Mutares has successfully completed the acquisition of ATI's Sheffield operations
DGAP-News: Mutares SE & Co. KGaA
/ Key word(s): Investment/Private Equity
Mutares has successfully completed the acquisition of ATI's Sheffield operations
Munich, 12 May 2022 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of the Sheffield operations of Allegheny Technologies Incorporated (ATI). The company strengthens the Engineering & Technology segment as a new platform acquisition and will from now on operate under its new name Special Melted Products Limited. The operation is located in Sheffield, UK, and employs approximately 190 people. In the financial year 2022 revenues of approximately EUR 80 million are expected. The company uses vacuum induction melting, secondary remelting and rotary precision forging to produce a range of robust, quality products in low alloy steels, stainless steels and nickel-based superalloys. The business’s extensive in-house metallurgical and forging capabilities allow it to supply a wide range of products and reduce supply chain complexity for its customers by acting as a "one-stop-shop." Company profile of Mutares SE & Co. KGaA For more information, please contact:
12.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Mutares SE & Co. KGaA |
Arnulfstr.19 | |
80335 Munich | |
Germany | |
Phone: | +49 (0)89-9292 776-0 |
Fax: | +49 (0)89-9292 776-22 |
E-mail: | [email protected] |
Internet: | www.mutares.de |
ISIN: | DE000A2NB650 |
WKN: | A2NB65 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1349639 |
End of News | DGAP News Service |
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1349639 12.05.2022
Mutares SE & Co. KgaA Stock
Currently there is a rather positive sentiment for Mutares SE & Co. KgaA with 4 Buy predictions and 1 Sell predictions.
As a result the target price of 45 € shows a slightly positive potential of 13.49% compared to the current price of 39.65 € for Mutares SE & Co. KgaA.