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Mutares acquires German shopfitting provider as add-on 

Private equity holding company Mutares has agreed to acquire FSL Ladenbau from shareholders Christian Füßer, Marion Füßer and Guido Krümpel, serving as an add-on acquisition for the GanterGroup, a general contractor in interior finishing.

The transaction marks the fifth this year for the firm and is expected to close by the end of Q2 2024.

FSL Ladenbau provides shopfitting services and was founded in 1973. In a press statement, Mutares said that FSL planned to see €15m in revenues in 2024.

Robin Laik, CEO and founder of Mutares, added that the acquisition would bring “complementary customer portfolios and own production capabilities that enhance our competitive position in the market”.

Mutares is headquartered in Munich and focuses on companies in special situations with operational improvement potential, which are then sold again after undergoing repositioning and stabilisation.

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