Mutares has completed the acquisition of Magna’s Car Top Systems Business

About this update from Mutares Se & Co. Kgaa

EQS-News: Mutares SE & Co. KGaA / Key word(s): Investment/Takeover Mutares has completed the acquisition of Magna’s Car Top Systems Business 05.08.2026 / 15:00 CET/CEST The issuer is solely responsible for the content of this announcement.Mutares has completed the acquisition of Magna’s Car Top Systems BusinessSpecialist in roof and aerodynamic kinematic systems with decades of engineering expertise, global customer relationships and operational excellence Acquisition establishes Car Top Systems (CTS) as an independent global automotive supplier Revenues of approximately EUR 75 millionMunich, August 5, 2026 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of the Car Top Systems (CTS) Business from Magna (NYSE: MGA; TSX: MG). The transaction establishes CTS as an independent automotive supplier with a clear focus on engineering excellence, operational performance and long-term customer partnerships, while strategically complementing and strengthening the HILO Group within Mutares’ Automotive & Mobility segment. CTS is a leading specialist in roof and aerodynamic kinematic systems for the automotive industry. Starting in 1996 as a joint venture between Mercedes-Benz AG and Porsche AG, CTS has 30 years of experience as a roof specialist. Headquartered in Bietigheim-Bissingen and with locations in Germany, Poland, China, Mexico and Japan, the company serves a broad range of leading global automotive manufacturers in the sports car, luxury, premium and high-volume segments. The company is recognized for its expertise in highly engineered kinematic systems, particularly convertible tops, sliding/folding roofs and spoilers, and generates revenues of approximately EUR 75 million. The acquisition creates a highly complementary product portfolio within the HILO platform. While the HILO Group focuses on durable and high-quality hinges, locking systems and essential components, standalone CTS contributes deep expertise in complex roof architectures, soft-top mechanisms and related engineering solutions. Together, the combined platform is positioned to offer OEMs integrated roof and exterior system solutions from a single industrial group.  Company profile of Mutares SE & Co. KGaA Mutares SE & Co. KGaA, Munich (www.mutares.com), is a listed private equity holding company with offices in Munich (HQ), Amste...

View stock analysis, news, and events for Mutares Se & Co. Kgaa