Mutares has successfully sold its portfolio company Frigoscandia to Dachser

• Successful turnaround and repositioning of Frigoscandia
• Significant contribution to Mutares-Holding net income for fiscal year 2024

Munich, March 4, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully sold its portfolio company Frigoscandia to Dachser, a global leader in groupage logistics.

Headquartered in Helsingborg, Sweden, Frigoscandia is a full-service provider of temperature-controlled logistics in the Nordic market. With around 1,300 people the company generated more than EUR 300 million in revenues in 2023.

After the acquisition by Mutares in 2021 from Posten Norge, Frigoscandia achieved a successful realignment and cemented its position as the leading player in the Nordic temperature-controlled logistics sector. Under Mutares’ ownership, Frigoscandia implemented a series of turnaround measures as well as strategic M&A activities, including the divestment of its French business and the add-on acquisition of Polar Frakt and GKT.

Frigoscandia is well-placed in a dynamic and growing market, and significantly strengthens Dachser’s position in food logistics in the Nordics.