Mutares stock gains on the TREPEL and MAFI deal
Published on 09/02/2026 at 13:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Mutares stock gained a fresh catalyst on September 2, 2026 after the company completed the acquisition of TREPEL Airport Equipment and MAFI Transport Systeme. The deal adds two industrial businesses with about EUR 150 million in revenue and about 410 employees, according to the EQS News release.
Two businesses, one transaction
TREPEL makes aircraft tractors, cargo high loaders and loader transporters, while MAFI focuses on heavy-duty terminal tractors and transport systems for ports, logistics hubs and industrial users. The release also says the combined service business already accounts for about 12 percent of total revenue, a detail that matters for recurring sales potential.
The company said the businesses operate in more than 115 countries and have already gone through an initial transformation program with operational optimization and cost-reduction measures. For investors, that puts the emphasis on integration and margin development rather than on the purchase alone.
Market price stays firm
MarketScreener showed Mutares shares at 25.30 EUR on September 2, 2026, down 0.39 percent, with a market capitalization of 756 million EUR and a last close of 25.40 EUR. The same data set also listed a median price target of 45.15 EUR, giving the stock a wide gap between the market price and the analyst view.
The quoted range on that page also placed Mutares in the SDAX and on the regulated market in Frankfurt under the ticker MUX. That DACH setup keeps the stock in the center of German small-cap trading.
Ameriterpenes adds context
Marketscreener also reported that Mutares completed the acquisition of Ameriterpenes from Symrise on September 1, 2026, and said the business generated about USD 200 million in revenue for the period ending December 31, 2025. The transaction adds another industrial carve-out to the portfolio and shows how actively the group is recycling capital into transition assets.
Portfolio logic
That pattern is typical for Mutares SE & Co. KGaA: acquire transition businesses, stabilize them and later resell them after operational work. The current portfolio move around TREPEL and MAFI fits that model and gives the group another revenue base in specialized transport equipment.
Price and scale
As of September 2, 2026, Mutares stock traded at 25.30 EUR on Tradegate, with the same MarketScreener page showing a market capitalization of 756 million EUR and a last close of 25.40 EUR. The 25.30 EUR level sits well below the 45.15 EUR median target listed there.
Mutares at a glance
- Company: Mutares SE & Co. KGaA
- ISIN: DE000A0Z23Y2
- Ticker: MUX
- Trading venue: Tradegate, Frankfurt regulated market
- Price (as of September 2, 2026): 25.30 EUR
- Market capitalization: 756 million EUR (as of September 2, 2026)
- Sector / Industry: Financials / Private Equity
- Index membership: SDAX
