MUNICH: Mutares SE & Co. has efficiently sold its portfolio firm JAPY Tech to the company’s management.
JAPY Tech is a producer of high-quality cooling tanks and different milk cooling solutions, based in Dijon, France, supplying merchandise to the worldwide dairy industry.
The firm was acquired in 2020 from GEA Farm Technologies and has since then optimized its product combine and elevated its overall effectivity whereas reducing costs.
After the profitable transformation of JAPY Tech, the administration is now assured and excited to additional drive the company’s growth by diversifying its income base by shifting from a pure manufacturing firm to a service pushed company.
Johannes Laumann, CIO of Mutares, comments: “I am happy to announce our first exit in 2023 the place we have exceeded our goal of a 7-10x ROIC. The exit of JAPY Tech proves that we have efficiently transformed the corporate along with the management, now prepared to proceed a sustainable growth path as a standalone firm led by its administration onsite.”