M&A Deal Summary

MIMIR Acquires Recion

On November 23, 2018, private equity firm MIMIR acquired engineering company Recion from Caverion

Acquisition Highlights
  • This is MIMIR’s 1st transaction in the Engineering sector.
  • This is MIMIR’s 2nd transaction in Finland.

M&A Deal Summary

Date 2018-11-23
Target Recion
Sector Engineering
Buyer(s) MIMIR
Sellers(s) Caverion
Deal Type Divestiture

Target

Recion

Helsinki, Finland
Recion is a provider of infrastructure design, engineering, manufacturing and installation of pressure piping and pressure vessels for power plants, industrial facilities and other end markets. Recion is based in Helsinki, Finland.

Search 215,074 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer
DESCRIPTION

MIMIR is an investment group that acquires non-core business units of larger corporations as well as private companies that need operationally oriented ownership. Broad areas of interest include manufacturing, industrials, pharma & chemicals, medical devices, software, hardware, and paper/pulp. MIMIR was established in 2016 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 3 of 11
Sector: Engineering M&A 1 of 1
Type: Divestiture M&A Deals 2 of 8
Country: Finland M&A 2 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Puumerkki

Vantaa, Finland

Puumerkki is a wholesaler of wooden building materials. Puumerkki is based in Vantaa, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-10 Si-Glass

Sauda, Norway

Si-Glass is a manufacturer of safety glass, that offers the Norwegian market competitive and functional glass solutions that cater to their customers’ needs for resource efficiency while also meeting environmental and safety standards, its clientele spans the construction, industrial, maritime, and offshore sectors. Si-Glass is based in Sauda, Norway.

Buy -

Seller(S) 1

SELLER

Caverion

Helsinki, Finland

Category Company
Founded 1912
Sector Business Services
Employees14,958
Revenue 2.2B EUR (2020)
DESCRIPTION

Caverion is involved in designing, building, operating and maintaining user-friendly and energy-efficient technical solutions for buildings, industries and infrastructure. Their services and solutions are used in commercial and residential buildings and on industrial and public sector properties, as well as in processes, ensuring business continuity, safety, healthy and pleasant surroundings, optimal performance and cost management. Caverion was founded in 1912 and is based in Vantaa, Finland.


DEAL STATS #
Overall 1 of 2
Sector: Engineering M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: Finland M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-04 Sähkötaso Esitystekniikka Oy

Tampere, Finland

Sähkötaso Esitystekniikka Oy is a provider of designed and implemented audio-visual technology total solutions to all rooms and locations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-12 Maintpartner Group Oy

Espoo, Finland

Maintpartner Group Oy is a provider of maintenance and operation services. Maintpartner helps its customers to focus on their core business by maintaining the availability of their production processes. Maintpartner is targeting to become the leading technical service company in the Baltic Sea region.

Buy -