STOCKHOLM: Mutares SE & Co. KGaA has 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 customers. Nordic Road Services works together with a total of approximately 214 experienced O&M employees to ensure the timely and complete realization of customer orders with a high degree of satisfaction.
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”.