mutares completes the acquisition of Balcke-Dürr

mutares AG (ISIN: DE000A0SMSH2) has completed the acquisition of the international equipment manufacturer Balcke-Dürr from SPX Corporation.

Balcke-Dürr manufactures components for energy efficiency and the reduction of emissions in the chemical and power generating industry. The company is based in Dusseldorf, Germany, and has further engineering and production sites in Germany, Italy, Poland, Hungary, China, and India. In 2015, it generated revenues of EUR 142m with 650 employees.

The future strategy for Balcke-Dürr is based on the development of its market position with the goal to access new international customers and industries. Balcke-Dürr will be part of mutares' engineering & technology segment in which mutares experiences attractive market dynamics. Hence, mutares will further invest in this segment and is convinced that Balcke-Dürr will be an ideal platform investment being a renowned brand in the industry.