EQS-News: Mutares has sold SRT Group and its subsidiaries to Quiver

Summary by AI BETAClose X

Mutares has sold Stuart (SRT Group) to Quiver; Stuart generates approximately EUR 50 million in revenues and employs around 70 staff. Since Mutares' 2023 acquisition, Stuart diversified its client base, invested in proprietary technology, improved costs per order and consolidated margins. Transaction terms were not disclosed. The divestment aligns with Mutares' strategy to stabilise and reposition portfolio companies and reduces the group's exposure to the Retail segment.

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