Mutares has successfully sold Asteri Facility Solutions to SOL Facility Services

Munich, January 7, 2025 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to sell Asteri Facility Solutions (“Asteri”) to SOL Facility Services, with closing having occurred the same day. The exit was already completed in December 2024 with the publication of the press release postponed until after the holidays out of consideration for business operations. After a successful repositioning of Asteri, Mutares has been able to create a platform set for further growth.

Asteri is engaged in the business of soft facility management. The company is headquartered in Stockholm and offers its services across Sweden with primary focus on Greater Stockholm, Gothenburg, and Malmö. The company is estimated to generate a turnover of approximately EUR 23 million and employs ca. 700 people in 2024.

Johannes Laumann, CIO of Mutares, comments: “I am pleased to announce the sale of our portfolio company Asteri. The new owner SOL Facility Services is part of the Finnish family-owned SOL Group, which is one of the largest players in the Nordic and Baltic countries. SOL Group’s annual turnover is over EUR 400 million and it employs ca. 14 000 people. I am confident that the company will continue to develop on the right path under their new ownership.”

Erki Milistver, CEO of SOL Facility Services comments: “SOL has a strong growth agenda in the Swedish market, and we are pleased to acquire Asteri from Mutares. Asteri’s professional personnel and strong investment in sustainable operations and strong customer relations matches SOL’s business model perfectly. Asteri complements SOL’s current activities in Sweden well both in terms of geographical and customer industry focus. We look forward to a mutually successful journey together.”