New management at SABO

Mutares SE & Co KGaA (ISIN: DE000A2NB650) signed an agreement to acquire SABO Maschinenfabrik GmbH in June 2020. The transaction is expected to be completed on September 1, 2020.

Prior to the closing of the transaction, the previous SABO Managing Director Mr. Christoph Büscher has decided to hand over the management of SABO Maschinenfabrik GmbH as of 31.08.2020 and to devote himself to a new challenge. The company would like to expressly thank Mr. Büscher for his work over the past years. Upon completion of the transaction, Mr. Fatmir Veselaj from Mutares will take over the management as an interim solution. Over the next few months, the new management will drive forward the restructuring of the company with the support and expertise of the Mutares consulting team and in close cooperation with the local employees and, together with all partners, set the course for sustainable growth of the brand.