- The company is a temperature-controlled logistics provider
- It is the second add-on acquisition for Mutares portfolio company Frigoscandia in 2022, following the purchase of Polar Frakt in April
- Götene Kyltransporter has a long-standing relationship with Frigoscandia
Mutares announced that it has signed an agreement to acquire all the shares of Götene, Sweden-headquartered Götene Kyltransporter. The company is a temperature-controlled logistics provider and is the second-add on acquisition of Mutares portfolio company Frigoscandia in 2022, following the acquisition of Danish logistics company Polar Frakt in April.
Götene Kyltransporter, which has a long-standing relationship with Helsingborg, Sweden-headquartered sustainable food logistics supplier Frigoscandia, employs approximately 250 people.
“This transaction is a perfect example of our local M&A deal sourcing,” said Johannes Laumann, CIO of Mutares. “Within two years we have established a well-known presence in the Nordic market from which we can now profit, and which helps us to further grow our business. With Frigoscandia we pursue an active buy and build strategy and this add-on is part of the company’s strategy to offer complete supply chain management services to the food industry.”
Mutares is a private equity company based in Munich that invests in small and medium-sized companies across the automotive and mobility, technologies and engineering, and goods and services sectors. It looks for companies with sales of between €100 million to €750 million.
PE Hub Europe has covered several Mutares deals this year, most recently the firm’s purchase of Mann+Hummel Group’s high-performance plastic parts business earlier in October.