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Mutares acquires Steinmüller Engineering from IHI

PRIVATEOct 15, 2026

Acquiring Company

Mutares SE & KGaA

Acquired Company

Steinmüller Engineering GmbH

MunichNorth Rhine WestphaliaAngel InvestmentFinancial Services

Description

Mutares SE & Co. KGaA has completed the acquisition of Steinmüller Engineering GmbH from Japan's IHI Corporation. This move aims to strengthen Mutares' position in the energy transition and industrial decarbonisation sectors. Steinmüller, with extensive experience and a strong patent portfolio, is expected to contribute significantly to Mutares' Energy & Technology segment. The deal reflects Mutares' strategic approach to international acquisitions.

Company Information

Company

Mutares SE & KGaA

Location

Munich, Bavaria, Germany

About

Mutares SE & Co. KGaA is a private equity firm specializing in acquisitions and turnarounds. It focuses on the acquisition of mid-sized companies with potential for operational improvement and is headquartered in Munich, Germany.

Fundz sees it the moment Mutares SE & KGaA makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Frequently asked

Who acquired Steinmüller Engineering GmbH?

Steinmüller Engineering GmbH was acquired by Mutares SE & KGaA, based in Munich. The deal was reported on October 15, 2026. Mutares SE & Co. KGaA is a private equity firm specializing in acquisitions and turnarounds. Mutares SE & KGaA is privately held and operates in Angel Investment.

When did Mutares SE & KGaA acquire Steinmüller Engineering GmbH?

Mutares SE & KGaA's acquisition of Steinmüller Engineering GmbH was reported on October 15, 2026. Mutares SE & Co. KGaA has completed the acquisition of Steinmüller Engineering GmbH from Japan's IHI Corporation. This move aims to strengthen Mutares' position in the energy transition and industrial decarbonisation sectors. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Steinmüller Engineering GmbH do?

Steinmüller Engineering GmbH, established in 1874, is one of Germany's longest-standing engineering firms. Specializing in thermal-process engineering, it has executed over 1,300 projects in more than 80 countries. It is privately held, operating in Financial Services, and is based in North Rhine Westphalia.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.