Nexans has signed an agreement to sell Nexans Metallurgie Deutschland GmbH (NMD) to Mutares SE & Co KGaA. With immediate effect, the company will operate under the name Lacroix + Kress GmbH. The new owner will give the company access to further resources which will strengthen our company financially and strategically in the long term and increase our chances on the market. The transaction was formally completed on November 1, 2020 and has been legally effective since then.

Mutares SE & Co KGaA was founded in 2008 and focuses on the acquisition and development of medium-sized companies in Europe that show potential for operational improvement. Mutares focuses on acquisitions in three segments – Automotive & Mobility, Engineering & Technology and Goods & Services – and actively supports and develops its portfolio companies with its own investment and expert teams as well as by acquiring strategic add-ons. Lacroix + Kress strengthens the Mutares segment “Automotive & Mobility” and will be able to profit from the synergy effects of the other companies in the portfolio in the future.

There will be no operational changes for our business partners. All contact persons, addresses and other details remain the same. We are looking forward to the cooperation with our new partner.