Mutares has completed the acquisition of Serneke Sverige from Serneke Group

  • Strengthening the Nordic presence and supporting Mutares Growth targets
  • New platform investment to strengthen the Engineering & Technology segment
  • Revenues of approx. EUR 700 million (approx. SEK 7.9 billion) in 2023
  • Fourth largest general contractor in Sweden
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Sixteenth acquisition in 2024: Mutares signed an agreement to acquire VR Road Logistics from VR Group

  • Further strengthening Mutares’ presence in Finland after recent successful acquisition of Palmia and Redo
  • New platform investment for the Goods & Services segment
  • Revenues of ca. EUR 80 million in 2023
  • Provider of road logistics services
  • Wide service coverage in Finland with a focus on industrial customers
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Mutares increases consolidated revenues by 14% in the first nine months

  • Revenues from consulting services and management fees of Mutares Holding grow by 12% to EUR 84.3 million in the first nine months of 2024 (previous year: EUR 75.5 million)
  • Net income of Mutares Holding reaches EUR 53.5 million after the first nine months of 2024 (previous year: EUR 101.3 million) despite one-off expenses for the bond increase
  • Group revenues increase by 14% to EUR 3,892.8 million (previous year: EUR 3,402.5 million); Adjusted EBITDA at EUR -16.5 million (previous year: EUR 19.4 million)
  • New bond placed with investors for further growth and international expansion
  • Successful IPO of defense subsidiary Steyr Motors in October
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Fifteenth acquisition in 2024: Mutares has signed an agreement to acquire Natura sp. z o.o. from Pelion S.A.

  • New platform investment to strengthen the Retail & Food segment
  • One of the leading beauty retailers in Poland
  • EUR 100 million in revenues in FY 2023
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