Mutares has concluded an agreement with the Portuguese State for the acquisition of Efacec. 

The investments made in Efacec are intended to enhance its stability and foster growth opportunities in the energy, engineering, and mobility sectors. The acquisition by Mutares marks a significant milestone in the company's reprivatization journey. This strategic decision is anticipated to yield financial advantages and create avenues for further development and innovation within Efacec's business activities. The transaction is scheduled to be finalized in the Q3 of 2023. 

Efacec, a Portuguese company based in Matosinhos, specializes in manufacturing and providing critical equipment and solutions for the energy, engineering, and mobility sectors. With a focus on energy transition, Efacec operates industrial facilities in Maia and delivers innovative technologies and high-quality products worldwide in energy systems, engineering services, and electric mobility infrastructure.