Mutares SE & Co. KGaA has completed its acquisition of Hirschvogel Incorporated from Hirschvogel Holding GmbH. As part of the FerrAl United Group, Hirschvogel will bolster Mutares’ position in the US market, particularly in the Automotive & Mobility sector. The deal marks Mutares’ ninth acquisition in 2024 and its first in the US, following the recent opening of its Chicago office. This move aims to fortify the capabilities of the FerrAl United Group in forging and machining steel parts, capitalizing on synergies within the group and targeting significant growth opportunities. Hirschvogel will be renamed Walor North America Inc. and continues to serve OEMs and Tier-1 suppliers with products including pinions, transmission and rotor shafts, yokes, and joints. The Columbus, Ohio-based company, which employs around 320 people, generated approximately EUR 100 million in revenue for 2023. Johannes Laumann, CIO of Mutares, expressed confidence in expanding the company’s market presence and achieving synergies through this strategic acquisition.

Private Equity, Automotive, Manufacturing,United States, Germany

Ninth acquisition in 2024: Mutares has completed the acquisition of Hirschvogel Incorporated from Hirschvogel Holding GmbH