Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has completed the sale of Redo Oy, a leading Finnish provider of property remediation services, to Invex Group, a Norway-based industrial investor and owner of Recover that operates in the remediation and restoration services sector across Scandinavia. The transaction, announced on July 15, 2026, gives Redo a strong strategic home and access to a broader Nordic platform to support its future development.
Redo is one of Finland's foremost providers of first-response and property remediation services, offering inspection, demolition, drying, and reconstruction services for water, fire, moisture, and odour damage. With approximately 250 employees and revenues of EUR 25 million in 2025, the company operates a nationwide network of more than 20 locations, enabling it to serve about 80% of the Finnish population within one hour.
Since joining the Mutares portfolio in 2023, Redo has undergone a comprehensive transformation and optimization program. The sale to a strategic buyer reflects the industrial attractiveness and future growth potential of the business. Johannes Laumann, CIO of Mutares, commented: "We are pleased to have found the right long-term owner for Redo in Invex Group. Their strong Nordic presence and industry expertise provide an excellent platform for the company's continued development. We thank the management team and employees for their commitment during Redo's time within the Mutares portfolio and wish them every success for the future."
This transaction is significant for the remediation services industry in the Nordics. By joining Invex Group, Redo gains access to a larger network and resources, potentially enabling it to expand its service offerings and geographic reach. For Mutares, the sale aligns with its strategy of acquiring companies in transition, improving their operations, and then selling them after stabilization. The deal also highlights the ongoing consolidation in the property remediation sector, where scale and cross-border capabilities are becoming increasingly important.
Mutares SE & Co. KGaA, a listed private equity holding company based in Munich, has offices in multiple global cities including Amsterdam, Chicago, Helsinki, London, Paris, Shanghai, Stockholm, and Tokyo. The company focuses on acquiring companies in transition that show potential for operational improvement and are resold after stabilization. More information about Mutares can be found at www.mutares.com. The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650) and are included in the SDAX selection index.
