Mutares Completes Sale of Asteri Facility Solutions to SOL Facility Services for Expansion in Sweden

Mutares Completes Sale of Asteri Facility Solutions to SOL Facility Services for Expansion in Sweden

(IN BRIEF) Mutares has completed the sale of Asteri Facility Solutions to SOL Facility Services, with the transaction finalizing in December 2024. The sale follows a successful repositioning of Asteri, which specializes in soft facility management across Sweden and is expected to generate EUR 23 million in turnover in 2024. SOL, part of the Finnish SOL Group, views the acquisition as a strategic step to expand its presence in Sweden. Both Mutares and SOL expressed confidence that Asteri will continue to thrive under its new ownership.

(PRESS RELEASE) MUNICH, 7-Jan-2025 — /EuropaWire/ — Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully concluded the sale of Asteri Facility Solutions (“Asteri”) to SOL Facility Services, with the transaction closing on the same day. The sale was finalized in December 2024, though the announcement was held back until after the holiday season to avoid disrupting business operations. This exit follows a successful repositioning of Asteri, positioning the company for further growth under new ownership.

Asteri, based in Stockholm, specializes in soft facility management and operates primarily in Greater Stockholm, Gothenburg, and Malmö. In 2024, the company is expected to generate a turnover of around EUR 23 million and employ approximately 700 individuals.

Johannes Laumann, Chief Investment Officer of Mutares, expressed his satisfaction with the sale: “We are pleased to announce the sale of Asteri to SOL Facility Services. As part of the Finnish family-owned SOL Group, which is a dominant player in the Nordic and Baltic regions, SOL brings a wealth of experience and a strong commitment to further developing Asteri.”

Erki Milistver, CEO of SOL Facility Services, shared his enthusiasm about the acquisition: “SOL is committed to expanding our presence in the Swedish market, and acquiring Asteri aligns perfectly with our growth strategy. Asteri’s skilled workforce, focus on sustainability, and strong customer relationships complement our business model. We look forward to a successful partnership and continued growth together.”

Media Contact:

+31 20 399 5487
info@mutares.de

SOURCE: Mutares SE & Co. KGaA