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Mutares SE & Co. KGaA M&A Activity 2022

Nov 10, 2022

M&A Activity

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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.