Mutares Expands Nordic Portfolio with Acquisition of VR Road Logistics

Mutares Expands Nordic Portfolio with Acquisition of VR Road Logistics

(IN BRIEF) Mutares SE & Co. KGaA has signed an agreement to acquire VR Road Logistics, a Finnish road logistics provider specializing in services for industrial clients in forestry, metals, construction, and mining. The company, which generated approximately EUR 80 million in revenue in 2023, will join Mutares’ Goods & Services segment as a platform investment, further strengthening its presence in Finland after the successful acquisitions of Palmia and Redo. Expected to close in Q4 2024 pending regulatory approval, this acquisition aligns with Mutares’ strategy of expanding its Nordic portfolio and leveraging its expertise in the logistics sector.

(PRESS RELEASE) MUNICH, 16-Nov-2024 — /EuropaWire/ — Mutares SE & Co. KGaA has announced the signing of an agreement to acquire VR Road Logistics, a key subsidiary of Finland’s state-owned VR Group, further solidifying its presence in the Finnish market. This strategic acquisition will become a platform investment within Mutares’ Goods & Services segment, enhancing its reach in the road logistics sector. The transaction, expected to close in the fourth quarter of 2024, is pending approval from the Finnish Competition and Consumer Authority.

Expanding Capabilities in Road Logistics

VR Road Logistics, a prominent provider of road logistics services in Finland, specializes in full truckload freight solutions tailored to industrial clients in sectors such as forestry, metals, construction, and mining. Its offerings include Full Truck Loads, Circular Economy services, Supply Chain Logistics, and Warehousing. With a strong track record of serving blue-chip clients, the company reported revenues of approximately EUR 80 million in 2023.

Strengthening the Nordic Footprint

This acquisition represents Mutares’ continued investment in Finland, following its successful acquisitions of Palmia and Redo. By integrating VR Road Logistics into its portfolio, Mutares is poised to leverage its expertise in logistics and capitalize on synergies within its Nordic operations.

Johannes Laumann, Chief Investment Officer of Mutares, highlighted the significance of the deal:
“With this transaction, Mutares continues to strengthen its presence in Finland, building on the successful realignment and performance improvements achieved with Palmia and Redo. VR Road Logistics brings extensive expertise and a strong customer base to our portfolio, aligning with our track record of success in the logistics sector, as demonstrated by Frigoscandia in the Nordics. We are thrilled to welcome VR Road Logistics and remain dedicated to expanding our footprint across Finland and the broader Nordic region.”

Driving Strategic Growth

This move underscores Mutares’ commitment to enhancing its Goods & Services segment with high-value acquisitions. By focusing on businesses with strong industrial ties and growth potential, Mutares continues to position itself as a key player in the Nordic logistics market while reinforcing its reputation for creating value through operational excellence and targeted investments.

Media Contact:

+31 20 399 5487
info@mutares.de

SOURCE: Mutares SE & Co. KGaA