- Add-on investment for the Terranor Group
- Target company with revenues of approx. EUR 40 million
- Provider of Road Operations and Maintenance (O&M) services in Denmark
Munich/Stockholm, 31 May 2021 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of NCC Road Service A/S from NCC. The company will strengthen the Terranor Group as an add-on investment, growing to approx. EUR 140 million in annualized revenues.
NCC Road Service A/S provides Road operation and maintenance (“O&M”), such as cleaning or inspection, mainly for private customers or state contractors, employing around 180 people and generating revenues of approx. EUR 40 million. The company will from now on operate under the new name Terranor A/S.
With the acquisition of the Danish Road O&M of NCC, after previously acquiring their Swedish and Finnish Road O&M businesses, Terranor Group further extends its presence in the Nordics and strengthens its position as a leading player in its field.