About mut
mut is a publicly listed company based in Wedel (Germany) founded in 2007. Near-infrared hyperspectral sensors are developed for lab automation and spectroscopy. mut has completed 1 acquisition, including Spectral Engines. mut offers products and services including Gas Sensor Module, Spectroscopy System, and Fire Detection System. Its focus areas include Semiconductors, Sensors, Generic Sensor Developers and Imaging. Its legal entity is m-u-t GmbH. Its competitors include MAZeT, JENCOLOR and Premosys Gmbh.
Company details
The company was established in 2007 in Wedel, Germany, as a spin-out from Finlands VTT Technical Research Center. Near-infrared hyperspectral sensors are produced for sectors including lab automation, spectroscopy, aviation, and fire detection. MEMS-based tunable Fabry-Perot interferometers form the core technology. IoT-enabled portable devices are integrated with algorithms to process data and yield practical insights. Operations focus on sensor innovation within the photonics and sensing industry.
- Headquarters Wedel, Germany
- Stage Public
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website mut-group.com/de
- Social LinkedIn
- Legal Name Nynomic Ag
- Annual Revenue$108.77 M (USD)-9.61as on Dec 31, 2025
- Net Profit-$827.2 K (USD)-9.49as on Dec 31, 2025
- EBITDA$6.17 M (USD)-49.83as on Dec 31, 2025
- Investments & Acquisitions
Products & Services of mut
mut offers a comprehensive portfolio of products and services, including Gas Sensor Module, Spectroscopy System, and Fire Detection System.
Device for measuring gases like O3 and CO2 in various applications.
Tools for automated measurement of substances in liquids and solids.
Infrared-based detection for early fire and object recognition.
People of mut
2 people are tracked at mut (2 in leadership).
| Name | Role | Group |
|---|---|---|
Axel Witte | Managing Director | Leadership |
Fabian Peters | Managing Director | Leadership |
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IPO & Listings of mut
mut is a publicly listed company on the XETR with ticker symbol M7U in Germany, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date02 Jul 2007
- Listed onFRA: M7U
- Listed entityNynomic AG
- Exchange sectorElectronic technology
- ISINDE000A0MSN11
- Share price25.30 EUR (+1.61% on the day) · 2026-10-14
- Market capitalisation163,563,615.00 EUR
- Price to earnings50.0
- EPS (diluted, trailing year)0.51 EUR
- Volume (last session)544
Financials of mut
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 92.6M EUR | -704,000 EUR | 5.2M EUR |
| 2024 | 102.4M EUR | -643,000 EUR | 10.5M EUR |
| 2023 | 118.0M EUR | 9.3M EUR | 19.0M EUR |
| 2022 | 116.8M EUR | 7.5M EUR | 18.3M EUR |
| 2021 | 105.1M EUR | 7.8M EUR | 15.9M EUR |
Detailed financial statements for mut
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Investments & Acquisitions by mut
mut has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Spectral Engines.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Miniaturized spectral sensors are manufactured for industrial measurement applications. | spectralengines.com | Helsinki, Finland | 2014 | May 2018 | •••• |
Complete acquisition details for mut
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Timeline of mut
3 dated milestones of mut across 11 years, from founding to its latest funding, stage changes and deals.
- Founded mut is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Spectral Engines.
Competitors of mut
mut has 3 listed competitors in our database. They include MAZeT, JENCOLOR and Premosys Gmbh.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mazet.de | 1992 | Jena, Germany | Color and spectral sensors are developed for industrial applications. | |||
| jencolor.com | 1992 | Jena, Germany | Produces high-quality sensors for color, spectral, and optical applications. | |||
| premosys.com | 1999 | Kalenborn Scheuern, Germany | Develops sensor technology, engineering solutions, and services for electronics and agriculture sectors. |
Detailed competitors of mut
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Related news about Mut
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Frequently Asked Questions about mut
mut was founded in 2007.
mut is headquartered in Wedel, Germany. It is registered at Wedel, Schleswig-holstein, Germany.
Annual revenue of mut is $108.77M as on Dec 31, 2025.
The company was established in 2007 in Wedel, Germany, as a spin-out from Finlands VTT Technical Research Center. Near-infrared hyperspectral sensors are produced for sectors including lab automation, spectroscopy, aviation, and fire detection. MEMS-based tunable Fabry-Perot interferometers form the core technology. IoT-enabled portable devices are integrated with algorithms to process data and yield practical insights. Operations focus on sensor innovation within the photonics and sensing industry.
mut's top competitors include MAZeT, JENCOLOR and Premosys Gmbh.
mut offers Gas Sensor Module, Spectroscopy System, and Fire Detection System.
Yes, mut is publicly traded on XETR under the ticker symbol M7U.
mut has made 1 acquisition, including Spectral Engines.
mut operates through M-U-T Gmbh.