MUNICH: Mutares SE & Co. has signed an agreement to acquire Serneke Sverige AB from Serneke Group AB (publ).

The company will strengthen the Engineering & Technology segment as a new Swedish platform investment. Closing of the transaction is subject to merger approval, FDI approval as well as FSR approval.

Serneke Sverige is a leading general contractor focusing on the construction of service & infrastructure properties, residential properties, and commercial properties. The company has over 200 active projects and offers its services throughout Sweden.

Clients primarily consist of public agencies, municipalities, and large private corporations. The company was founded in 2002 and currently employs ca. 750 employees.

Robin Laik, CEO of Mutares, comments: “With this transaction Mutares further builds on its successful presence in Sweden, after having recently successfully sold Frigoscandia. This is a bolt step supporting our growth target of EUR 10 billion of Group revenues and EUR 200 million of Holding net income. We are very happy to welcome Serneke Sverige to our portfolio and remain committed to continue growing our presence in Sweden and the Nordic region.”