Akquisition by Mutares SE & Co KGaA

A strong foundation built on decades of engineering expertise, global customer relationships, and operational excellence. Continued commitment to customers, employees and suppliers across international locations.

Bietigheim, Germany, [05.08.2026] – CTS, a leading specialist in roof and aerodynamic kinematic systems for the automotive industry, today announces the start of a new chapter as an independent company following its acquisition from Magna by Mutares SE & Co. KGaA. The transaction establishes CTS as an autonomous automotive supplier with a clear focus on engineering excellence, operational performance, and long-term customer partnerships.

Starting in 1996 as a joint venture between Mercedes-Benz AG and Porsche AG, CTS has 30 years of experience as a roof specialist. With locations in Germany, Poland, China, Mexico and Japan, CTS serves a broad range of leading global automotive manufacturers in the sports car, luxury, premium and high-volume segments. The company is recognized for its expertise in highly engineered kinematic systems, particularly convertible tops, sliding/folding roofs, and spoilers.

The transition marks an important milestone for CTS. As an independent organization, the company is positioned to further strengthen its customer focus, accelerate decision-making, and continue delivering industry-leading products and engineering services that inspire engaging and exciting driving experiences

CTS remains fully committed to advancing operational excellence, delivering outstanding quality and exceeding the expectations of both current and future customers worldwide.

Zeljko Bobinac, Chief Executive Officer of CTS, said: “Today marks the beginning of an exciting new chapter for CTS. We have a strong heritage, highly skilled employees, and trusted relationships with leading automotive OEMs around the world. As an independent company, we are uniquely positioned to focus on our customers, strengthen our engineering capabilities, and continue delivering innovative roof and kinematic system solutions. We would like to thank our customers, employees and suppliers for their continued trust and support during this transition.”

Johannes Laumann, Chief Investment Officer of Mutares, added: “CTS is a highly specialized automotive supplier with strong engineering expertise, attractive market positions and longstanding customer relationships. We are pleased to support CTS as an independent company and see significant potential to further strengthen its operational performance and competitive position. We look forward to working with the management team and employees to build a successful future for the business.”

The company remains committed to maintaining close partnerships with customers and suppliers while continuing to invest in innovation, engineering excellence, and operational improvements. CTS’ international manufacturing and engineering footprint provides a solid foundation to support future business opportunities and evolving customer requirements across global automotive markets.

About Car Top Systems

CTS is a specialist automotive supplier in kinematic systems for mobility solutions focused on convertible roof systems, sliding folding roof systems, spoilers and related engineering solutions. The company serves leading global automotive manufacturers through its international engineering and operational network.

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.com), is a listed private equity holding company with offices in Munich (HQ), Amsterdam, Bad Wiessee, Chicago, Frankfurt, Helsinki, London, Madrid, Milan, Mumbai, Paris, Shanghai, Stockholm, Tokyo, Warsaw, and Vienna, that acquires companies in transition that show significant potential for operational improvement and are resold after stabilization and repositioning. The company follows a sustainable minimum dividend policy.

The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol “MUX” (ISIN: DE000A2NB650) and are included in the SDAX selection index.

For more information, please contact:

CTS Car Top Systems

Press Contact

Phone: +49 7142 99 2208

E-mail: info@cartopsystems.com

About CTS

CTS is a specialized automotive supplier with a development center in Bietigheim-Bissingen and production facilities in Tychy, Poland. From these locations, we develop and manufacture roof systems for convertibles across all vehicle segments.