Acquisition of Normek Oy
We advised Munich-based investment group Mutares AG in its subsidiary Donges Group’s acquisition of Normek Oy. Seller in the transaction was Normek Group Oy, owned by Intera Fund I Ky and private shareholders.
Normek is one of the leading steel building construction and façade solutions companies in Finland and operates mainly in the Finnish and the Swedish market. Normek generated sales of around EUR 65 million in 2018 and employs around 250 people. The business activities of Normek ideally complement the existing business of Donges. The acquisition of Normek is part of the sustained repositioning of Donges as a specialist provider of steel bridges, steel building construction, roof and wall solutions in the European markets.
Mutares AG shares are listed on the Frankfurt Stock Exchange. Donges Group has been part of the Mutares Group since November 2017.