Mutares has successfully completed the acquisition of Frigoscandia from Posten Norge

• Strengthening the Goods & Services segment as a new platform
• Leading Temperature Controlled Food Logistics Business in the Nordics
• Revenues of around EUR 300 million expected in 2022

Munich, 27 December 2021 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Frigoscandia from Posten Norge. The company further strengthens the Goods & Services segment as a new platform investment and offers multiple add-on opportunities in the Nordics and Mainland Europe in the future.

Founded in 1948, Frigoscandia is a leading Nordic player within fresh, chilled and frozen food logistics solutions. Customer’s products are handled at temperatures from -25° to +25°C and traceable in real-time. The company operates out of 25 warehouses and terminals in Sweden and Norway, across its three segments Domestic Transport, International Transport and Warehousing.

The company is headquartered in Helsingborg, Sweden, and mainly offers its services across Europe, with a particular focus on the Nordics. Frigoscandia employs more than 1,000 people and plans to generate around EUR 300 million in revenues in 2022.