Munich - Mutares SE & Co. KGaA has completed the acquisition of the long-established Steinmüller Engineering GmbH, a specialist in thermal process engineering solutions for the energy and industrial sectors, from Japan's IHI Group. The acquisition comes at a time of growing demand for technological solutions to decarbonise energy-intensive industrial processes.

A CMS team jointly led by Anna-Lena Lill and Dr. Michael Wangemann provided Mutares with comprehensive legal advice on the transaction. Mutares regularly relies on the expertise of CMS.

Steinmüller employs around 170 people and is headquartered in Gummersbach. In the past financial year, Steinmüller achieved a total output of almost 100 million euros. In total, the company has already completed more than 1,300 thermal process engineering projects for more than 500 customers in 80 countries.

Advisors to Mutares: CMS
Dr. Michael Wangemann, Partner
Anna-Lena Lill, Counsel
David Fier, Senior Associate (all Corporate/M&A)

This text was automatically translated from the German original.