Mutares successfully completed the acquisition of NCC Road Service A / S in Denmark from NCC



DGAP-News: Mutares SE & Co. KGaA / Keyword (s): Takeover / Investment
31.05.2021 / 17:45
The issuer is solely responsible for the content of this advertisement.

Mutares successfully completed the acquisition of NCC Road Service A / S in Denmark from NCC

Additional investment for the Terranor group

– Target company with a turnover of approx. 40 million euros

– Provider of road operation and maintenance (O&M) services in Denmark

Munich / Stockholm, May 31, 2021 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) successfully completed the acquisition of NCC Road Service A / S from NCC. The company will strengthen the Terranor group as a complementary investment, reaching approx. 140 million euros in annualized sales.

NCC Road Service A / S provides road operation and maintenance (“O&M”), such as cleaning or inspection, primarily for private clients or public contractors, employing around 180 people and generating income from the public. ‘about. 40 million euros. The company will now operate under the new name of Terranor A / S.

With the acquisition of the Danish road operation and maintenance company from NCC, after having previously acquired their Swedish and Finnish road operation and maintenance activities, the Terranor group is expanding its presence in the Nordic countries and strengthening its leading position 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 (headquarters), Frankfurt, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires medium-sized companies and parts of larger groups headquartered in Europe that show clear potential for operational improvement and are sold after having undergone a repositioning and stabilization process. Mutares actively supports and develops the companies in its portfolio with its own investment and advisory teams as well as through acquisitions of strategic add-ons. With the objective of a ROIC (Return on Invested Capital) of 7 to 10 times on the total investment with an emphasis on the sustainable growth of the companies in the portfolio. In 2020 Mutares SE & Co. KGaA generated a consolidated turnover of approx. 1.6 billion euros employing more than 12,000 people worldwide. On this basis, consolidated turnover is expected to increase to around 3.0 billion euros by 2023. Mutares is strongly committed to a sustainable dividend policy consisting of a basic dividend and a performance dividend. Mutares SE & Co. KGaA shares are listed on the Frankfurt Stock Exchange under the ticker symbol “MUX” (ISIN: DE000A2NB650).

For more information please contact:

Mutares SE & Co. KGaA
Investor Relations
Phone +49 89 9292 7760
Email: [email protected]
www.mutares.de

Press contact
CROSS ALLIANCE communication GmbH
Susan hoffmeister
Phone +49 89125 09 0333
Email: [email protected]
www.crossalliance.de

Contact for press inquiries in France
CLAI
Gaëtan Commault – [email protected] / +33 06 99 37 65 64
Dorian Masquelier – [email protected] / +33 07 77 26 24 57

05.31.2021 Distribution of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

DGAP’s distribution services include regulatory announcements, financial / corporate news, and press releases.
Archives on www.dgap.de



Source link

Previous Global Anti-Money Laundering Market 2021 | Be aware that the list of companies could potentially benefit or lose from the impact of COVID-19 | Main companies: ACI Worldwide, Inc., NICE Actimize, Cognizant, Fiserv, etc. - KSU
Next Law Society improves standards of diligence for lawyers to fight money laundering and terrorist financing