Mutares has acquired Serneke Sverige from the Serneke Group, enhancing its Nordic presence and bolstering its engineering and technology segment with projected revenues of approximately EUR 700 million.

Target Information

Mutares has successfully completed the acquisition of Serneke Sverige from the Serneke Group. This strategic move is aimed at enhancing Mutares' presence in the Nordic region and supporting its growth objectives. With an anticipated revenue of approximately EUR 700 million (around SEK 7.9 billion) in 2023, Serneke Sverige is recognized as the fourth largest general contractor in Sweden, specializing in various construction and engineering projects.

The acquisition represents a significant step for Mutares in consolidating its engineering and technology segment, leveraging Serneke's established market position and expertise to drive increased operational efficiency and expand its service offerings.

Industry Overview in Sweden

Sweden boasts a robust construction industry, characterized by progressive policies and a strong commitment to sustainability. The Swedish construction sector has shown resilience despite economi