Mutares SE & Co. KGaA has completed the acquisition of the Swedish M3 Group, enhancing its capabilities in the Nordic infrastructure and construction market.

Target Company Information

Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of M3 Schakt AB, M3 Rental AB, and Schaktförmedlingen Sverige AB, collectively referred to as the 'M3 Group'. The M3 Group is a Swedish provider of transportation, construction, and machinery rental services, specializing in infrastructure projects such as subways, roads, and railways, catering primarily to large private construction companies. With a workforce of approximately 44 employees and a robust network of subcontractors, the M3 Group reported a revenue of around EUR 35 million for the fiscal year 2024.

This acquisition serves as a strategic add-on for GDL Anläggning & Miljö within the Infrastructure & Special Industry segment, providing opportunities for significant synergies and expanding the geographic footprint of Mutares in the Scandinavian market.

Industry Overview in Sweden

The construction and infrastructure sector in Sweden has been experiencing steady growth, driven by increasing investments in public infrastructure, including transportation, housing, and facilities. The Swedish government's focus on sustainable development a