Press Releases

Mutares portfolio company Frigoscandia successfully sold its French subsidiary to Olano Services SAS

Munich, 08 June 2022 – Frigoscandia AB, a provider of temperature-controlled transport and terminal services in the field of food-logistics and since December 2021 a 100% holding of Mutares SE & Co KGaA (ISIN: DE000A2NB650), today successfully completed the sale of all shares in its French subsidiary Frigoscandia SAS to the French logistics company Olano Services SAS.

Having already announced the second exit in fiscal year 2022 on 11 May, Mutares is now putting the focus at Frigoscandia on expanding and strengthening its position in the Nordic region as their home market, in line with the add-on acquisition of Polar Frakt AS already completed in April this year. The goal is to consolidate and further expand Frigoscandia’s position as the leading temperature-controlled logistics platform in the Nordic countries. The international network will be further refined primarily through current external partners.