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Mutares SE & Co. KGaA

M&A Activity • Nov 10, 2022

6316_rns_2022-11-10_c16c9f13-e664-42ef-9961-590fb3652088.html

M&A Activity

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Mutares has successfully sold Nordec Group Oyj

Mutares has successfully sold Nordec Group Oyj

Mutares has successfully sold Nordec Group Oyj

• A consortium of buyers consisting mainly of Harjavalta Oy and Tirinom Oy has purchased 100% of the shares in Nordec Group Oyj

• The complete exit of Mutares represents the strategically ideal solution

• Target of ROIC of 7-10x exceeded

Please see attached PDF to view the full announcement.

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