DGAP-News: Mutares AG: Portfolio company Balcke-Dürr receives funding from the Federal Ministry of Labour and Social Affairs of Germany

EQS Corporate News |

<html xmlns="http://www.w3.org/1999/xhtml"><body><table border="0"><tr><td> <p><org>DGAP-News</org>: <org value="LSE:0W2C" idsrc="xmltag.org" >Mutares AG</org> / Key word(s): Private Equity/Sustainability<br/> <org value="LSE:0W2C" idsrc="xmltag.org" >Mutares AG</org>: Portfolio company Balcke-D&#252;rr receives funding from the <org>Federal Ministry of Labour and Social Affairs of Germany</org> <br/><br/> <chron>07.12.2018</chron> / 07:30 <br/> The issuer is solely responsible for the content of this announcement.<br/><br/></p> <hr/><div><p><b>Mutares portfolio company Balcke-D&#252;rr receives funding from the <org>Federal Ministry of Labour and Social Affairs of Germany</org></b></p> <ul><li><money>EUR 1.5 million</money> project explores digitized idea and work management</li> <li>Focus is the involvement of employees in the introduction of new technologies</li> <li>Supported by the Universities of Trier, <location value="LU/de..bremen" idsrc="xmltag.org" >Bremen</location> and Duisburg-Essen</li> </ul><p><b><location value="LU/de..dusldf" idsrc="xmltag.org" >Dusseldorf</location>, <chron>7 December 2018</chron></b> - The Balcke-D&#252;rr Group, a subsidiary of <org value="LSE:0W2C" idsrc="xmltag.org" >Mutares AG</org> (ISIN: DE000A2NB650), is one of three companies participating in the DIAMANT research project (&quot;Digitalized Ideas and Work Management in Production, Logistics and Retail&quot;). The aim of the project is to involve employees in the introduction of new technologies in the value chain.</p> <p>In the project supported by the Universities of Trier, <location value="LU/de..bremen" idsrc="xmltag.org" >Bremen</location> and Duisburg-Essen, different strategies are developed in cooperation with experts from psychology, computer science and logistics to successfully counter digitization and artificial intelligence. Together with employees, works councils and executives, the project accompanies the handling of the changed demands on the employees in order to develop new competence profiles. In particular, abstraction and problem-solving skills are required to cope with complexity as well as the handling of automated applications and artificial intelligence.</p> <p>&quot;Digitalization and artificial intelligence mean not only new intelligent solutions for previously unresolved inefficiencies in a wide variety of processes, but also the need for a strategy for dealing with these very solutions. Particularly in companies with a long industrial history such as ours, it is important to ensure that all employees are able to cope with these changing requirements. We hope that by participating in the DIAMANT project, our employees will be able to use the opportunities of digital transformation even more efficiently in the future,&quot; says a spokesman for the Balcke-D&#252;rr Group.</p> <p>Other participants in the project are the <org value="ACORN:2547153059" idsrc="xmltag.org" >REWE</org> retail chain and the family business BOGE. The project is headed by junior professor Dr. Caroline Ruiner from the <org>University of Trier</org> and funded by the <org>German Federal Ministry of Labour and Social Affairs of Germany</org> with <money>EUR 1.5 million</money>.<br/> &#160;</p> <p><b>Company Profile of the Balcke-D&#252;rr Group</b><br/><br/><a href="https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&amp;url=570344b7cf39d002c3efa36a6d2d530d&amp;application_id=755417&amp;site_id=acquiremedia_html&amp;application_name=news">Balcke-D&#252;rr</a> is one of the leading manufacturers of components for increasing energy efficiency and reducing emissions for industry with over 130 years of experience. The D&#252;sseldorf-based company is a subsidiary of the <location value="LU/de..munich" idsrc="xmltag.org" >Munich</location>-based <org>Mutares Group</org>.<br/><br/><b>Company profile of <org value="LSE:0W2C" idsrc="xmltag.org" >Mutares AG</org></b><br/><br/> <org value="LSE:0W2C" idsrc="xmltag.org" >Mutares AG</org>, <location value="LU/de..munich" idsrc="xmltag.org" >Munich</location> (<a href="https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&amp;url=70ec9f453eb7976ee20f31fd30e14407&amp;application_id=755417&amp;site_id=acquiremedia_html&amp;application_name=news">www.mutares.de</a>), acquires medium-sized companies and parts of groups that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company. The shares of <org value="LSE:0W2C" idsrc="xmltag.org" >Mutares AG</org> are listed on <org>Frankfurt Stock Exchange</org> under the ticker symbol &quot;MUX&quot; (ISIN: DE000A2NB650).<br/><br/> For more information:<br/><br/><b><org value="LSE:0W2C" idsrc="xmltag.org" >Mutares AG</org></b><br/> <person>Corinna Lumpp</person><br/> Manager Investor Relations &amp; Strategy<br/> Tel. +49 89 9292776-0<br/> Fax +49 89 9292776-22<br/><a href="mailto:ir@mutares.de">ir@mutares.de</a><br/> <a href="http://www.mutares.de">www.mutares.de</a><br/><br/><b>Contact press</b><br/> CROSS ALLIANCE communication GmbH<br/> <person>Susan Hoffmeister</person><br/> Tel.: +49 89 8982 7227<br/> E-Mail: <a href="mailto:sh@crossalliance.com">sh@crossalliance.com</a><br/><a href="https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&amp;url=cc2a12dcbca32691ccaa3c0a1cea81ac&amp;application_id=755417&amp;site_id=acquiremedia_html&amp;application_name=news">www.crossalliance.com</a></p> </div> <br/><hr/><p> <chron>07.12.2018</chron> Dissemination of a <org>Corporate News</org>, transmitted by DGAP - a service of EQS Group AG.<br/>The issuer is solely responsible for the content of this announcement.<br/><br/>The DGAP Distribution Services include Regulatory Announcements, <org>Financial/Corporate News</org> and Press Releases. <br/>Archive at <a href="http://www.dgap.de">www.dgap.de</a><br/></p> <hr/></td> </tr></table><table><tr><td align="left" valign="top">Language:</td> <td align="left" valign="top">English</td> </tr><tr><td align="left" valign="top">Company:</td> <td align="left" valign="top"><org value="LSE:0W2C" idsrc="xmltag.org" >Mutares AG</org></td> </tr><tr><td align="left" valign="top"/> <td align="left" valign="top">Arnulfstr.19</td> </tr><tr><td align="left" valign="top"/> <td align="left" valign="top">80335 <location value="LU/de..munich" idsrc="xmltag.org" >Munich</location></td> </tr><tr><td align="left" valign="top"/> <td align="left" valign="top"><location value="LC/de" idsrc="xmltag.org" >Germany</location></td> </tr><tr><td align="left" valign="top">Phone:</td> <td align="left" valign="top">+49 (0)89-9292 776-0</td> </tr><tr><td align="left" valign="top">Fax:</td> <td align="left" valign="top">+49 (0)89-9292 776-22</td> </tr><tr><td align="left" valign="top">E-mail:</td> <td align="left" valign="top"><a href="mailto:ir@mutares.de">ir@mutares.de</a></td> </tr><tr><td align="left" valign="top">Internet:</td> <td align="left" valign="top"><a href="http://www.mutares.de">www.mutares.de</a></td> </tr><tr><td align="left" valign="top">ISIN:</td> <td align="left" valign="top">DE000A2NB650</td> </tr><tr><td align="left" valign="top">WKN:</td> <td align="left" valign="top">A2NB65</td> </tr><tr><td align="left" valign="top">Indices:</td> <td align="left" valign="top">Scale 30</td> </tr><tr><td align="left" valign="top">Listed:</td> <td align="left" valign="top">Regulated Unofficial Market in <location value="LU/de..berlin" idsrc="xmltag.org" >Berlin</location>, <location value="LU/de..frankf" idsrc="xmltag.org" >Frankfurt</location> (Scale), <location value="LU/de..sttgrt" idsrc="xmltag.org" >Stuttgart</location>, Tradegate Exchange</td> </tr></table><br/><table border="0"><tr><td align="left" valign="top" colspan="2"/> </tr></table><table border="0"><tr><td align="left" valign="top" colspan="2">&#160;</td> </tr><tr><td align="left" valign="top">End of News</td> <td align="left" valign="top"><org>DGAP News Service</org></td> </tr></table><table border="0"><tr><td> <hr/></td> </tr></table><p> 755417&#160;&#160;07.12.2018&#160; </p> <img src="https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=show_t_gif&amp;application_id=755417&amp;application_name=news&amp;site_id=acquiremedia_html" alt="fncls.ssp?fn=show_t_gif&amp;application_id=755417&amp;application_name=news&amp;site_id=acquiremedia_html" width="0" height="0" border="0"/></body></html>

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