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DGAP-News: Mutares SE & Co. KGaA
/ Key word(s): Takeover/Investment
Mutares successfully completes the acquisition of the Swedish and Finnish Road Services Business from NCC - Strengthens Goods & Services segment - Company with a combined revenue of around EUR 125 million in the field of road Operations and Maintenance ("O&M") - Mutares further expands in the Nordics and reconfirms growth strategy - From December, the companies operate under the names Terranor AB and Terranor OY Munich/Stockholm, 04 November 2020 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Nordic Road Services AB and Nordic Road Services Oy, each a leading provider of road operation and maintenance in their respective markets, from NCC. From December on, the companies will operate under the new names Terranor AB and Terranor Oy. Both companies will strengthen the Goods & Services portfolio segment as one new platform investment with expected revenues in 2020 of approx. EUR 125 million. In line with the acquisition, Mutares is opening a Stockholm office by the end of Q4/2020 reaffirming the continuous growth and expansion strategy. Both companies, Nordic Road Services AB, operating in Sweden, and Nordic Road Services Oy, operating in Finland, provide a variety of services: winter services like snow ploughing and sanding/ salting, summer services like road repairs and green area management, complemented by road supervision, regular road maintenance, wildlife fences, and road markings . Key customers are mainly the state and municipal authorities. Nordic Road Services works together with a total of approx. 214 experienced O&M employees to ensure the timely and complete realization of customer orders with a high degree of satisfaction. Company profile Mutares SE & Co. KGaA Mutares SE & Co. KGaA, Munich (), acquires medium-sized companies and parts of groups with headquarter in Europe that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company. In 2019, Mutares' portfolio companies generated consolidated revenues of EUR 1,016 million and employed more than 6,500 people worldwide. The shares of Mutares SE & Co. KGaA are listed on Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: ). For further information please contact: Mutares SE & Co. KGaA Contact for press requests
04.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Mutares SE & Co. KGaA |
| Arnulfstr.19 | |
| 80335 Munich | |
| Germany | |
| Phone: | +49 (0)89-9292 776-0 |
| Fax: | +49 (0)89-9292 776-22 |
| E-mail: | |
| Internet: | |
| ISIN: | DE000A2NB650 |
| WKN: | A2NB65 |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1144533 |
| End of News | DGAP News Service |
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1144533 04.11.2020
