VR Road Logistics Acquired by Mutares
Deal News | Dec 31, 2024 | Mutares
Mutares SE & Co. KGaA, a private equity firm based in Munich, has completed the acquisition of VR Road Logistics from the Finnish state-owned VR Group. This addition becomes a new platform investment in Mutares' Goods & Services segment, which enhances their presence in Finland, particularly after their recent acquisitions of Palmia and Redo. With annual revenues of approximately EUR 80 million, VR Road Logistics specializes in road logistics services catering to large industrial clients in the forestry, metals, construction, and mining sectors. The company is known for its comprehensive service coverage in Finland, delivering full truck load freight and supply chain logistics, while maintaining strong relationships with notable blue-chip clients.
Sectors
- Logistics and Transportation
- Private Equity
- Industrial Services
Geography
- Finland – The article discusses the acquisition of a Finnish logistics provider, VR Road Logistics, and the strengthening of Mutares' operations in Finland.
- Germany – Mutares, the acquiring company, is based in Munich, Germany.
Industry
- Logistics and Transportation – The article focuses on VR Road Logistics, which is involved in providing comprehensive road logistics and transportation services.
- Private Equity – Mutares, as a private equity firm, is involved in acquiring and managing portfolio companies.
- Industrial Services – VR Road Logistics serves industrial customers in sectors like forestry, metals, construction, and mining.
Financials
- EUR 80 million – Revenues generated by VR Road Logistics in 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mutares SE & Co. KGaA | Acquirer | Company | A Munich-based private equity firm engaged in acquiring and managing companies across Europe. |
| VR Road Logistics | Target Company | Company | A leading Finnish road logistics business providing services mainly for industrial clients. |
| VR Group | Vendor | Company | A state-owned Finnish company that owned VR Road Logistics prior to the acquisition. |