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Mutares SE & Co. KgaA

07/01/2021 | Press release | Archived content

Mutares has successfully completed the acquisition of Permasteelisa España from Permasteelisa Group as an add-on for the Donges Group

  • Leading supplier of facade cladding solutions on the Iberian Peninsula
  • Add-on investment for the Donges Group
  • Target company with revenues of approx. EUR 22 million

Munich/Madrid, 1 July 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Permasteelisa España from Permasteelisa Group. The add-on investment strengthens the existing portfolio company Donges Group in the Engineering & Technology segment. The company now operates under the name Permasteelisa España Donges Group S.A.

The company employs around 80 people in Spain and Portugal and generated revenues of approx. EUR 22 million in 2020. With its expertise in the manufacture and installation of building facades, it perfectly complements the product portfolio of the Donges Group. With this add-on, the Donges Group grows to total revenues of approx. EUR 500 million and strengthens its presence on the European market.