Mutares has successfully completed the acquisition of Polar Frakt AS

• Third acquisition in 2022
• Add-on investment to Frigoscandia
• Logistics company specializing in the transportation of goods from Oslo to northern Norway
• Synergy effects through strategic expansion of the business model

Munich, 19 April 2022 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Polar Frakt AS from private owners as an add-on investment to Frigoscandia in the Goods & Services segment.

The company, headquartered in Oslo, Norway, specializes in transporting goods from Oslo to northern Norway. For this purpose, Polar Frakt AS operates two terminals (Oslo and Bjerkvik) to ship around 25 to 30 trailers per week. The company merged from Polar Frakt and Frigoscandia will in future transport goods in both directions, from south to north as well as from north to south. By leveraging Frigoscandia’s wide customer base and geographical reach it is expected to achieve possible strategic expansions to Polar Frakt AS’s previous ‘one-way’ business model.

This transaction marks the first add-on for Frigoscandia under the Mutares Group ownership and demonstrates the ambition of cementing and expanding Frigoscandia’s position as the leading temperature-controlled logistics platform in the Nordics.