Mutares SE & Co. KGaA has sold Redo Oy, a Finnish provider of property remediation services, to Invex Group, a Norway-based industrial investor and owner of Recover, which operates in the remediation and restoration sector in Scandinavia. The transaction, announced on July 15, 2026, provides Redo with a strong strategic home and access to a broader Nordic platform to support its continued development, according to the press release.
Redo is one of Finland's leading providers of first-response and property remediation services, offering inspection, demolition, drying, and reconstruction services related to water, fire, moisture, and odor damage. With approximately 250 employees and revenues of 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. The final sale to a strategic buyer reflects the industrial attractiveness and future growth potential of the business, as stated by Johannes Laumann, CIO of Mutares. “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,” Laumann said.
Mutares SE & Co. KGaA (www.mutares.com) is a listed private equity holding company that acquires companies in transition showing significant potential for operational improvement, with the goal of reselling them after stabilization and repositioning. The company follows a sustainable minimum dividend policy. Its shares are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650) and are included in the SDAX selection index.
The transaction underscores the ongoing consolidation in the Nordic remediation market and highlights the value creation achieved by Mutares during its ownership period. For Invex Group, the acquisition of Redo strengthens its position in the Scandinavian remediation and restoration services sector, complementing its existing portfolio company Recover.
