DEWB sells MueTec to trade

The transaction remains subject to the approval of the Chinese and German competition authorities.

SLSS will initially acquire 24.9% of the shares in MueTec, followed by the remaining 75.1% stake once the German Federal Ministry for Economic Affairs and Energy has approved the deal.

The deal was agreed for a purchase price of €25m, according to a statement from DEWB, including the assumption of €6.8m in liabilities.

According to the same statement, DEWB will therefore see returns on the sale of €18.7m, producing an earnings contribution of €14.3m before transaction costs.

DEWB acquired 92% of the shares in MueTec in October 2016, while managing director Ralph Detert retained an 8% stake.

Jena-based DEWB takes stakes of at least 25% in technology-backed companies, generally investing €1-7m. The firm supports organic growth, as well as buy-and-build strategies.

Company
Founded in 1991 and based in Munich, MueTec produces optical measurement and inspection tools and systems for use in the semiconductor and microelectronics industries. The company has installed 300 systems, according to its website. It has a manufacturing base in Aholming, as well as operations in Taiwan, China, Japan, the US and Singapore.

The company reported revenues of €6.07m in 2019. It has 13 employees, according to LinkedIn.

People
Deutsche Effekten- und Wechsel-Beteiligungsgesellschaft – Bertram Köhler (CEO).
MueTec – Ralph Detert (managing director).

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