Mutares SE & Co. KGaA (XTRA:MUX) signed an agreement to acquire High Performance Plastic Parts Business of MANN+HUMMEL GmbH on May 31, 2022. As part of the transaction, Mutares and MANN+HUMMEL have agreed on a manufacturing cooperation. The closing of the transaction will result in the acquisition of MANN+HUMMEL?s entire business beyond filtration and separation solutions, which essentially consists of production facilities in Bad Harzburg, Sonneberg (Germany) and Laval (France) with a total of approximately 1,500 employees. High Performance Plastic Parts Business of MANN+HUMMEL reported Total revenues of approx. EUR 500 million in 2021. Closing of the transaction is expected to take place by the end of the third quarter of 2022, subject to the satisfaction of customary regulatory approvals, antitrust and other conditions. Ingrid Wijnmalen, Tobias Heinrich, Tim Bracksiek, Moritz MÜller-Buttmann, Sebastian Stütze, Jean Paszkudzki, Alexandre Jaurett, Clara Hainsdorf and Estelle Philippi of White & Case, L.L.P. (Germany) acted as legal advisor to Mutares SE & Co. KGaA. Marie-Adélaïde de Fleurieu, Marie-Thérèse Eugénio, Manuel Merling and Sven-Christoph Riepke of Norton Rose Fulbright acted as legal advisor to MANN+HUMMEL GmbH.

Mutares SE & Co. KGaA (XTRA:MUX) completed the acquisition of High Performance Plastic Parts Business of MANN+HUMMEL from MANN+HUMMEL GmbH on October 4, 2022.