Mutares has successfully completed the acquisition of Palmia Oy from the City of Helsinki

• New platform acquisition to strengthen the Goods & Services segment
• Provider of facility services, e.g. within foods/restaurants, cleaning, real estate and security
• Expected revenues of approx. EUR 120 million in 2022
• Further strengthening the Mutares presence in Finland

Munich, 8 February 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Palmia Oy from the City of Helsinki. The company will strengthen the Goods & Services segment as a new Finnish platform investment.

Palmia Oy was incorporated by the City of Helsinki in 2015 and is a provider of food, real estate, cleaning and security services in 12 municipalities in Southern Finland. The company generates revenues of approx. EUR 120 million and currently employs about 2,400 people.