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M&A Deal Summary

MIMIR Acquires Euroatlas

On March 30, 2021, private equity firm MIMIR acquired energy services and equipment company Euroatlas from Wartsila

Acquisition Highlights
  • This is MIMIR’s 1st transaction in the Energy Services and Equipment sector.
  • This is MIMIR’s 1st transaction in Germany.

M&A Deal Summary
Date 2021-03-30
Target Euroatlas
Sector Energy Services and Equipment
Buyer(s) MIMIR
Sellers(s) Wartsila
Deal Type Divestiture

Target

Euroatlas

Bremen, Germany
Euroatlas is focused on providing its global customer base tailormade solutions for high-performance power conversion in naval, aviation, and mobile land-based applications requiring the highest reliability and power density and leading-edge energy efficiency under harsh environmental conditions. The company's products and services include original design, retrofits, upgrades, maintenance, spare parts, and education. Euroatlas was formed in 1834 and is based in Bremen, Germany.

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Buyer(S) 1

Buyer

MIMIR

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Agnostic
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 7 of 11
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 4 of 8
Country: Germany M&A 1 of 2
Year: 2021 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-08 Thermion

Stenungsund, Sweden

Thermion is a service and contracting company that contributes to creating value for its customers within the energy, industry, and construction sectors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-08 Modus

Stockholm, Sweden

Modus solutions create rooms that are more affordable and faster to assemble compared to site-built solutions.

Buy -

Seller(S) 1

SELLER

Wartsila

Helsinki, Finland
Category Company
Founded 1834
Sector Marine
Employees18,753
Revenue 6.4B EUR (2024)
DESCRIPTION
Wärtsilä's corporate headquarters in Helsinki.
Wärtsilä's corporate headquarters in Helsinki.

Wartsila is a provider of smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency, and data analytics, Wartsila maximises the environmental and economic performance of the vessels and power plants of its customers. Wartsila was established in 1834 and is based in Helsinki, Finland.

DEAL STATS #
Overall 5 of 6
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 5 of 6
Country: Germany M&A 3 of 4
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-22 VIDELIO Funa

Emden, Germany

VIDELIO Funa is engaged in the field of design, fabrication, engineering, and integration of entertainment systems, illumination, light control, cabin control, broadcast and digital audio distribution, and announcement systems for cruise vessels and entertainment parks. VIDELIO Funa is based in Emden, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-17 Wärtsilä SAM Electronics

Hamburg, Germany

Wärtsilä SAM Electronics is a renowned systems company and partner with worldwide shipping companies, navies, and shipyards. Wärtsilä SAM Electronics was founded in 1906 and is based in Hamburg, Germany.

Sell -
Mergr

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