Mutares SE & Co. KGaA has signed an agreement to acquire Serneke Sverige AB from Serneke Group AB (publ), marking its eighth and largest acquisition in 2024. This move aims to strengthen Mutares’ Engineering & Technology segment and expand its Nordic presence. Serneke Sverige, the fourth largest general contractor in Sweden, generated approximately EUR 700 million in revenue in 2023. The acquisition is subject to merger, FDI, and FSR approvals. CEO Robin Laik states that this acquisition supports Mutares’ goals of achieving EUR 10 billion in group revenues and EUR 200 million in holding net income. The company aims to continue its growth strategy in Sweden and the broader Nordic region.

Private Equity, Construction & Engineering, Investment and M&A,Sweden, Germany, Nordic Region

Eighth and largest acquisition in 2024: Mutares has signed an agreement to acquire Serneke Sverige from Serneke Group