Mutares SE & Co. KGaA has completed the sale of Redo Oy, a Finnish provider of property remediation services, to Invex Group, a Norway-based industrial investor and owner of Recover, a company active in remediation and restoration services in Scandinavia. The transaction, announced on July 15, 2026, positions Redo for its next phase of development by integrating into a larger Nordic platform.
Redo is one of Finland's leading providers of first-response and property remediation services, offering inspection, demolition, drying, and reconstruction services for water, fire, moisture, and odor damage. With approximately 250 employees and revenues of about EUR 25 million in 2025, the company operates a nationwide network of more than 20 locations, enabling it to serve approximately 80% of the Finnish population within one hour. Since joining Mutares in 2023, Redo has undergone a comprehensive transformation and optimization program, culminating in this strategic sale to a buyer with strong industry expertise.
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."
Mutares, a listed private equity holding company with offices in Munich, Amsterdam, Chicago, and other major cities, specializes in acquiring companies in transition that show potential for operational improvement. The firm follows a sustainable minimum dividend policy and trades on the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650). For more information, visit www.mutares.com.
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