- Second add-on for Frigoscandia under Mutares ownership in less than a year
- Swedish temperature-controlled logistics company
- Annual revenues of approx. EUR 35 million
- Ninth transaction for Mutares in the Nordics
Munich, 20 October 2022 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire all shares in Götene Kyltransporter AB from private owners, as the second add-on acquisition for the Mutares portfolio company Frigoscandia in 2022, following the acquisition of Polar Frakt AS in April this year. Closing of the transaction is expected during the fourth quarter of 2022 and is still subject to clearance from the Swedish Competition Authority.
Götene Kyltransporter, headquartered in Götene, Sweden, is a temperature-controlled logistics provider with strong presence in an area of strategic importance for Frigoscandia and employs around 250 people. The company has a long-lasting relationship with Frigoscandia and the acquisition fits well into its service segment. Frigoscandia can thus further strengthen its position as the leading temperature-controlled logistics platform in the Nordics for both storage and transportation services.
Johannes Laumann, CIO of Mutares, comments: “This transaction is a perfect example of our local M&A deal sourcing. Within two years we have established a well-known presence in the Nordic market from which we can now profit, and which helps us to further grow our business. With Frigoscandia we pursue an active buy and build strategy and this add-on is part of the company’s strategy to offer complete supply chain management services to the food industry.”