M&A Activity • Oct 24, 2025
M&A Activity
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Munich, October 24, 2025 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire M3 Schakt AB, M3 Rental AB and Schaktförmedlingen Sverige AB ("M3 Group"), a Swedish transportation, construction and machine rental service provider specializing in infrastructure projects, including subways, roads, and railways, serving large private construction companies. The transaction is an add-on acquisition for GDL Anläggning & Miljö and is expected to close in the fourth quarter of 2025, subject to customary approvals.
For GDL Anläggning & Miljö, the acquisition of M3 Group offers lucrative synergies, a strategic geographical expansion, as well as strengthening of all business areas. With ca. 44 employees and a robust network of subcontractors, the company generated revenues of approx. EUR 35 million in FY2024. The acquisition will further strengthen Mutares' Infrastructure & Special Industry segment and its presence in the Nordic infrastructure and construction market.
Johannes Laumann, CIO of Mutares, comments: "This acquisition is a strategic milestone in expanding our presence in the Nordics and strengthening our Infrastructure & Special Industry segment. M3 Group's expertise and strong market position make it a perfect fit for our portfolio, especially for GDL Anläggning & Miljö. We look forward to supporting their continued growth in an excellent market environment."
Mutares SE & Co. KGaA, Munich (http://www.mutares.com), a listed private equity holding company with offices in Munich (HQ), Amsterdam, Bad Wiessee, Chicago, Frankfurt, Helsinki, London, Madrid, Milan, Mumbai, Paris, Shanghai, Stockholm, Vienna and Warsaw, acquires companies in special situations which show significant operational improvement potential and are sold again after undergoing a repositioning and stabilization process.
The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650) and are part of the selection index SDAX.

Investor Relations
Phone: +49 89 9292 7760 E-mail: [email protected] www.mutares.com
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333 E-mail: [email protected]
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: [email protected]
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940 E-mail: [email protected]
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