Mutares completes Steinmuller deal. Mutares stock gains 1.79 percent.

Published on 10/20/2026 at 13:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The deal adds a thermal-process specialist with 1,300 projects. Mutares stock costs EUR 25.60 on October 20, 2026 versus EUR 25.15 at the Xetra close.

Steinmuller expands the portfolio

Mutares completed the Steinmuller acquisition on October 15, 2026, adding a business with more than 1,300 delivered projects.
Nord Gas Solutions reported an EUR 880 million order backlog on October 14, 2026.
Mutares stock trades at EUR 25.60 at 1:11 p.m. CEST at Lang & Schwarz on October 20, 2026, 1.79 percent above the Xetra close of October 19, 2026.
Mutares is scheduled to publish its third-quarter 2026 report on November 12, 2026.

Moderne Glas-Bürozentrale in München bei Sonnenuntergang mit Passanten auf der Plaza — Fotorealistische Bürozentrale in München symbolisiert Mutares SE & Co. KGaA, ISIN DE000A0Z23Y2, im warmen Abendlicht, Illustration mit AI erstellt.

Mutares (DE000A2NB650) completed its acquisition of Steinmüller Engineering on October 15, 2026, while Mutares stock traded at EUR 25.60 at Lang & Schwarz at 1:11 p.m. CEST on October 20, 2026, up 1.79 percent versus the Xetra close of October 19, 2026 at EUR 25.15. EQS News reported that the transaction created a new platform investment in Mutares' Energy & Technology segment.

Steinmuller adds industrial scale

Steinmuller provides thermal-process engineering, pollution-control and heat-transfer solutions for utility, waste, chemical and industrial customers. The company has delivered more than 1,300 projects for over 500 customers in 80 countries and employs approximately 170 people, according to EQS News.

What does the order backlog mean?

Mutares' Nord Gas Solutions unit gives the portfolio a second quantified growth track. In the first nine months of 2026, NGS generated EUR 459 million in revenue and adjusted EBITDA of EUR 43 million, compared with EUR 283 million and EUR 20 million in the prior-year period, respectively. Its fixed order backlog stood at EUR 880 million as of September 30, 2026, while management expects full-year 2026 revenue above EUR 575 million and adjusted EBITDA of approximately EUR 50 million, according to Mutares. The comparison shows revenue growth of 62.19 percent and adjusted EBITDA growth of 115.00 percent year over year.

Three recent portfolio steps

On October 1, 2026, Mutares announced results of a partial repurchase offer covering up to EUR 25.00 million nominal of Nordic bonds. On October 14, 2026, NGS reported its EUR 880 million backlog and potential strategic exit alternatives. On October 15, 2026, Mutares completed the Steinmuller acquisition, which generated total output of close to EUR 100 million in its last financial year, according to EQS News.

Which dates come next?

Mutares' next scheduled reporting date is November 12, 2026, when it plans to publish its third-quarter 2026 report. The company also lists a London Investor Day for November 19, 2026, according to its Mutares investor-relations calendar.

Stock gains above the Xetra close

Mutares stock traded at EUR 25.60 at Lang & Schwarz on October 20, 2026 at 1:11 p.m. CEST, 1.79 percent above the Xetra close of October 19, 2026 at EUR 25.15. The stock's 52-week range was EUR 23.25 to EUR 35.10 as of October 20, 2026, leaving the current quote EUR 9.50 below the high.

The further course of trading is shown by the continuously updated real-time quote of Mutares stock.