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M&A Deal Summary

Harjavalta and Tirinom Acquire Nordec

On September 22, 2022, Harjavalta and Tirinom acquired metals/mining company Nordec from mutares AG

Acquisition Highlights
  • This is Harjavalta’s 1st and Tirinom’s 1st transaction in the Metals/Mining sector.
  • This is Harjavalta’s 1st and Tirinom’s 1st transaction in Finland.

M&A Deal Summary
Date 2022-09-22
Target Nordec
Sector Metals/Mining
Buyer(s) Harjavalta
Tirinom
Sellers(s) mutares AG
Deal Type Add-on Acquisition

Target

Nordec

Helsinki, Finland
Nordec is a provider of frame structures for buildings, facades, and steel bridges in Nordic countries. Nordec is based in Helsinki, Finland.

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Buyer(S) 2

Buyer

Harjavalta

Finland
Category Company
Sector Business Services
DESCRIPTION

Harjavalta is an operator of a company having a history in the construction industry. Harjavalta is based in Finland.

DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2022 M&A 1 of 1
Buyer

Tirinom

Finland
Category Company
Sector Construction
DESCRIPTION

Tirinom is engaged in the international footprint segments of the building industry. Tirinom is based in Finland.

DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

mutares AG

Munich, Germany

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

mutares AG (MUX:Berlin) is a publicly traded German holding group that acquires controlling stakes in small and medium-sized companies. mutares looks for businesses facing special situations, such as non-core divestitures, succession issues, or in need of restructuring. Target companies generally have at least €10 million in revenues. mutares does not have any sector preferences. mutares AG was formed in 2008 and is based in Munich.

DEAL STATS #
Overall 14 of 22
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 11
Country: Finland M&A 1 of 2
Year: 2022 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-03 Special Melted Products

Sheffield, United Kingdom

Special Melted Products is a manufacturer of premium, specialty steels and nickel-based Super Alloys used in critical applications in the aerospace, oil & gas and nuclear industries. Special Melted Products is based in Sheffield, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-08 Royal De Boer

Leeuwarden, Netherlands

Royal De Boer is a manufacturer of barn equipment such as feed fences, cubicles, ventilation and manure systems, operating one production plant. Royal De Boer was founded in 1869 and is based in Leeuwarden, Netherlands.

Sell -
Mergr

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