EQS-News: Mutares portfolio company Efacec is a critical enabler of the global electrification supercycle; order backlog of more than EUR 1.0 billion; strategic exit options under review.
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EQS-News: Mutares SE & Co. KGaA
/ Key word(s): Investment/Development of Sales
Mutares portfolio company Efacec is a critical enabler of the global electrification supercycle; order backlog of more than EUR 1.0 billion; strategic exit options under review.
Munich, November 2, 2026 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) (“Mutares”) announces that its portfolio company Efacec (“Efacec”), a differentiated global power and distribution transformer, medium-voltage switchgear, grid automation and mobility infrastructure platform, has seen growing demand and improving earnings since its acquisition by Mutares in November 2023. Headquartered in Porto, Portugal, with more than 75 years of industrial experience, Efacec combines highly engineered, tailored and complementary electrical T&D equipment, automation and lifecycle capabilities and has a growing international footprint, including strong growth momentum in the US. The company employs approximately 1,660 people and serves customers in more than 70 countries. Efacec is exposed to structural growth themes including grid modernization, renewable energy integration, electrification of energy infrastructure and sustainable mobility. Decades of grid underinvestment are giving way to a major modernization and infrastructure expansion cycle, as rising electricity demand from industrial electrification, data centers and renewables is increasing the need for grid technologies. Demand for transformers in Europe and North America currently exceeds supply, and Efacec’s addressable T&D and rail market is expected to grow by around 12% p.a. Efacec: Positioned for the next phase of growth In the year to date as of September 2026, Efacec generated revenues of EUR 229 million and Adjusted EBITDA of EUR 34 million, expecting revenues of EUR 320–335 million and EBITDA of EUR 45–55 million for the full-year 2026, representing growth of >20% and >55% in revenue and EBITDA, respectively, compared to prior year, led mainly by the core transformer and switchgear businesses and continued expansion in international markets. Since the acquisition, Mutares has worked with Efacec’s management to refocus the portfolio on core products, reshape the cost base and strengthen supplier relationships and cash controls, supporting improving margins. Ongoing capacity expansion by a factor of ca. 2x and long-standing relationships with leading utilities provide a solid platform to convert demand into profitable growth. Efacec: Strong revenue and de-risked profit visibility, underpinned by backlog, proven operational efficiencies and increased US exposure Efacec’s order backlog stood at more than EUR 1.0 billion as of September 2026, equivalent to ca. 4x 2025 revenue and complemented by a high-quality pipeline. Efacec is expecting significant future growth achieving midterm goals of revenues in excess of EUR 500 million and an EBITDA in excess of EUR 100 million based on current management expectations and market conditions. With a predominantly European backlog, there is also a significant and growing exposure to North America, largely driven by utilities and grid operators, many of them long-standing customers. Mutares SE & Co. KGaA, Munich (www.mutares.com), is a listed private equity holding company with offices in Munich (HQ), Amsterdam, Bad Wiessee, Chicago, Frankfurt, Helsinki, London, Madrid, Milan, Mumbai, Paris, Shanghai, Stockholm, Tokyo, Warsaw, and Vienna, that acquires companies in transition that show significant potential for operational improvement and are resold after stabilization and repositioning. The company pursues a sustainable minimum dividend policy. The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol “MUX” (ISIN: DE000A2NB650) and are part of the selection index SDAX. For further information, please contact: Mutares SE & Co. KGaA Press Contact in Germany Press Contact in France Press Contact in UK and USA
Disclaimer This announcement does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction. No decision has been made, and there can be no assurance that or at what point in time any transaction will occur. This announcement contains forward-looking statements based on current expectations and assumptions of the management of Efacec and Mutares, which are subject to known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that may or may not occur in the future, whether or not outside the control of the relevant company. Accordingly, forward-looking statements are not guarantees of future performance and the development of the relevant company’s prospects, growth, strategies, industry and the effect of acquisitions may differ materially from those made in or suggested by the forward-looking statements contained in this announcement. In addition, even if the development of the relevant company’s prospects, growth, strategies and industry are consistent with the forward-looking statements contained in this announcement, those developments may not be indicative of the relevant company’s results, liquidity or financial position or of results or developments in subsequent periods not covered by this announcement. Forward-looking statements should therefore not be relied upon as predictions of future events. Actual results may differ materially from those expressed or implied. Neither Efacec nor Mutares undertakes any obligation to update forward-looking statements.
02.11.2026 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| Language: | English |
| Company: | Mutares SE & Co. KGaA |
| Arnulfstr.19 | |
| 80335 Munich | |
| Germany | |
| Phone: | +49 (0)89-9292 776-0 |
| Fax: | +49 (0)89-9292 776-22 |
| E-mail: | ir@mutares.de |
| Internet: | www.mutares.de |
| ISIN: | DE000A2NB650 |
| WKN: | A2NB65 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate BSX |
| LEI Code: | 391200NWMO6NLQFSCU64 |
| EQS News ID: | 2425920 |
| End of News | EQS News Service |
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2425920 02.11.2026 CET/CEST
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