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STS Group AG: Mutares successfully completes sale of majority stake in STS Group AG to Adler Pelzer Group

2021| Jun| 30
Financial News

DGAP-News: STS Group AG / Key word(s): Miscellaneous
30.06.2021 / 16:00
The issuer is solely responsible for the content of this announcement.

Hallbergmoos/Munich, June 30, 2021. STS Group AG (ISIN: DE000A1TNU68), a global system supplier for the automotive industry listed in the General Standard of the Frankfurt Stock Exchange, has been informed that the share purchase agreement signed on 11 March 2021 between Mutares SE & Co. KGaA ("Mutares") and Adler Pelzer Holding GmbH ("Adler Pelzer Group") for the complete sale of the majority shareholding in the amount of approximately 73.25% of the share capital of STS Group AG was successfully concluded today.

Dr Wolf Cornelius, Chairman of the Supervisory Board of STS Group AG: "On behalf of the entire Supervisory Board and the company, I would like to thank Mutares and all employees who have accompanied and shaped the development of STS Group into a global automotive supplier since the acquisition in 2013. We are convinced that Adler Pelzer Group is the right strategic majority shareholder for STS Group to continue to accompany the future growth and strategic direction of the company."

Robin Laik, CEO and founder of Mutares SE & Co. KGaA adds: "STS Group has shown a very positive development over the past months. I am firmly convinced that this successful course will continue with the new owner. We know Adler Pelzer Group as an extremely solution-oriented partner and are certain that we have found the ideal buyer for STS Group to take the company to the next stage of development."

The Adler Pelzer Group is a leading global automotive supplier based in Hagen, Germany. With over 11,000 employees and more than 80 plants on all continents, the group generated annual revenue of EUR 1.2 billion in 2020. With its global footprint and expertise, the Adler Pelzer Group can optimally support the expansion of the STS Group's business in China, as well as in the North American market. For Adler Pelzer Group, STS Group's attractive lightweight solutions for vehicle interiors and exteriors represent a technological diversification to further position itself as a key supplier to its customers. "With the integration of the STS Group, the Adler Pelzer Group is taking the next step towards growth in the field of hard trims, which complements our expertise in soft trim and acoustics," comments Pietro Lardini, CEO of the Adler Pelzer Group.

About STS Group:
STS Group AG, (ISIN: DE000A1TNU68), is a leading system supplier to the automotive industry. It employs more than 1,600 people worldwide and generated sales of 235.0 mEUR in the financial year 2020. STS Group ("STS") produces and develops at its twelve plants and three development centers in France, Germany, Mexico, China and, in the future, also in the USA plastic injection moulding and components made of composite materials (Sheet Molding Compound - SMC), such as solid and flexible vehicle and aerodynamic trim, entire interior systems, as well as lightweight construction and battery components for electric vehicles. STS is considered as a technology leader in the manufacture of plastic injection moulding and components made of composite materials. STS has a large global footprint with plants in three continents. The customer portfolio comprises leading international manufacturer of commercial vehicles, passenger cars and electric vehicles.

STS Group AG
Stefan Hummel
Head of Investor Relations
Zeppelinstrasse 4
85399 Hallbergmoos
+49 (0) 170 1810765

30.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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