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Mutares has successfully completed the acquisition of Götene Kyltransporter AB

EQS-News: Mutares SE & Co. KGaA / Key word(s): Acquisition/Mergers & Acquisitions
Mutares has successfully completed the acquisition of Götene Kyltransporter AB
21.11.2022 / 12:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

Mutares has successfully completed the acquisition of Götene Kyltransporter AB

  • Swedish temperature-controlled logistics company

  • Strengthening the position as the leading temperature-controlled logistics platform in the Nordics

  • Annual revenues of approx. EUR 35 million

Munich, 21 November 2022 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of all shares in Götene Kyltransporter AB from private owners. This is the second add-on acquisition for the Mutares portfolio company Frigoscandia in 2022 after the acquisition of Polar Frakt AS and the twelfth acquisition of Mutares in 2022.

Götene Kyltransporter, headquartered in Götene, Sweden, employs around 250 people and is a provider of temperature-controlled logistics. The company has a long-lasting relationship with Frigoscandia and a strong presence in an area of strategic importance for Frigoscandia. This add-on acquisition ideally complements Frigoscandia's service segment, enabling the company to further strengthen its position as the leading temperature-controlled logistics platform in the Nordics for both storage and transportation services.

 

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.de), as a listed private equity holding company with offices in Munich (HQ), Amsterdam, Frankfurt, Helsinki, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires medium-sized companies in special situations, based in Europe, which show significant operational improvement potential and are sold again after undergoing a repositioning and stabilization process. For the financial year 2022, consolidated revenues of approx. EUR 4 billion are expected. Based on this, consolidated revenues are to be expanded to approx. EUR 7 billion by 2025. As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding. Accordingly, a net profit in the holding company in the range of EUR 125 million to EUR 150 million is expected for the financial year 2025. The Management Board and Supervisory Board together hold more than one third of all Mutares shares with voting rights. The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650).

 

For more information, please contact:

Mutares SE & Co. KGaA
Investor Relations
Phone +49 89 9292 7760
E-mail: ir@mutares.de

Contact Press
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

Contact for press inquiries in France
CLAI
Gaëtan Commault - gaetan.commault@clai2.com / +33 06 99 37 65 64
Antoine Szarzewski - antoine.szarzewski@clai2.com / +33 07 72 45 47 80


21.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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:

ir@mutares.de

Internet:

www.mutares.de

ISIN:

DE000A2NB650

WKN:

A2NB65

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1490827


 

End of News

EQS News Service

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