Mutares to acquire Kico

Mutares invests in companies with small profits and revenues of €50-500m that can benefit from a buy-and-build strategy.

Kico is currently a subsidiary of family-owned Kirchoff Group, which employs 13,000 people and achieved a total sales volume of €2.15bn in 2018.

The firm registered a regulatory filing with the German competition authority on 29 May 2019.

Company
Founded in 1939, Kico develops components for the automotive industry and employs 800 people. The company counts Jaguar Land Rover, Porsche and BMW as customers. It is headquartered in Halver and operates a production plant in Poland and in Mexico.

People
Kirchoff GmbH & Co KG – Johannes Kirchoff (CEO).

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• Buyouts
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