Carve-out· Private equity

Mutares acquires Steinmüller Engineering

Thermal process engineering, EPC plants · Gummersbach, Germanycarved out toMutares

Mutares signs the agreement to acquire Steinmüller Engineering GmbH from the Japanese IHI Group in a share deal. Steinmüller develops thermal process engineering solutions and employs around 170 people, and closing is expected in the fourth quarter of 2026.

Buyer
Mutares
Target
Steinmüller Engineering, Gummersbach
Seller
IHI Corporation (IHI Group)
Type
Carve-out
Sector
Industrial Services
Country
Germany
First reported
29/09/2026
Source
mutares.com

Deal-Radar no. 42-110 · added in Week 42/2026, first reported on 29/09/2026 · publicly reported, without guarantee · SourcingClub was not involved in this transaction. Report an error · Method

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Information from public sources, without guarantee and without claim to completeness. No investment or legal advice. Published on 19 October 2026.