Mutares SE & Co. KGaA (ISIN: DE000A2NB650) announced the sale of Redo Oy, a leading provider of property remediation services in Finland, to Invex Group, a Norway-based industrial investor. The transaction, effective as of the announcement date, positions Redo for its next phase of development under the ownership of Invex Group, which also owns Recover, a company active in remediation and restoration services in Scandinavia.
Redo offers inspection, demolition, drying, and reconstruction services for water, fire, moisture, and odor damage. With approximately 250 employees and revenues of around 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 its acquisition by Mutares in 2023, Redo has undergone a comprehensive transformation and optimization program, enhancing its operational efficiency and market position.
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."
The sale to a strategic buyer reflects the industrial attractiveness and growth potential of Redo, which is now well-positioned to leverage Invex Group's Nordic platform. This transaction aligns with Mutares' strategy of acquiring companies in transition, implementing operational improvements, and eventually selling them to strategic or financial investors. More information about Mutares can be found at www.mutares.com.
The original press release is available at www.newmediawire.com.
