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DGAP-News: Mutares SE & Co. KGaA / Key word(s): Takeover/Investment
Mutares successfully completed the acquisition of NCC Road Service A/S in Denmark from NCC
- Add-on investment for the Terranor Group
- Target company with revenues of approx. EUR 40 million
- Provider of Road Operations and Maintenance (O&M) services in Denmark
Munich/Stockholm, 31 May 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of NCC Road Service A/S from NCC. The company will strengthen the Terranor Group as an add-on investment, growing to approx. EUR 140 million in annualized revenues.
NCC Road Service A/S provides Road operation and maintenance ("O&M"), such as cleaning or inspection, mainly for private customers or state contractors, employing around 180 people and generating revenues of approx. EUR 40 million. The company will from now on operate under the new name Terranor A/S.
With the acquisition of the Danish Road O&M of NCC, after previously acquiring their Swedish and Finnish Road O&M businesses, Terranor Group further extends its presence in the Nordics and strengthens its position as a leading player in its field.
Company profile Mutares SE & Co. KGaA
Mutares SE & Co. KGaA, Munich (www.mutares.de), as a listed private equity holding company with offices in Munich (HQ), Frankfurt, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires medium-sized companies and parts of larger groups with headquarters in Europe that show a clear potential for operational improvement and are sold again after undergoing a repositioning and stabilization process. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. With for aim a ROIC (Return on Invested Capital) of 7 to 10 times on the total investment with a focus on sustainable growth of the portfolio companies. In 2020, Mutares SE & Co. KGaA generated consolidated revenues of approx. EUR 1.6 billion employing more than 12,000 people worldwide. Based on this, consolidated revenues are expected to increase to approximately EUR 3.0 billion by 2023. Mutares is strongly committed to a sustainable dividend policy consisting of a base dividend and a performance dividend. The shares of Mutares SE & Co. KGaA are listed on the Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: DE000A2NB650).
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31.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
Mutares SE & Co. KGaA
+49 (0)89-9292 776-0
+49 (0)89-9292 776-22
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
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