Mutares acquires Toshiba Transmission & Distribution Europe S.p.A. from Toshiba Group

Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire Toshiba Transmission & Distribution Europe S.p.A. (“Company”) from Toshiba Group as add-on for Balcke-Dürr Group. The Company is a renowned provider of full turnkey projects in the energy field, operating primarily in Europe and Mediterranean countries. The closing of the transaction and the consequent rebranding is expected for the fourth quarter of 2021 and is still subject to certain customary market conditions precedent. The Company and Toshiba Group will continue to work closely as technological partners for the completion of existing projects and will continue to discuss potential business opportunities in the future.

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