Mutares SE & Co. KGaA (ISIN: DE000A2NB650) announced on July 15, 2026, the sale of Redo Oy, a Finnish provider of property remediation services, to Invex Group, a Norway-based industrial investor and owner of Recover. The transaction provides Redo with a strong strategic home and access to a broader Nordic platform to support its continued development, according to the company's press release on NewMediaWire.
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 odour damage. With approximately 250 employees and revenues of EUR 25 million in 2025, Redo operates a nationwide network of more than 20 locations, enabling the company 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 now to a strategic buyer reflects the industrial attractiveness and future growth potential of the business. 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."
This transaction highlights Mutares' strategy of acquiring companies in transition, stabilizing them, and then selling them to strategic buyers. For Redo, the sale to Invex Group—active in remediation and restoration services in Scandinavia through its subsidiary Recover—provides access to a larger network and expertise that can accelerate its growth across the Nordics. The move is likely to enhance Redo's service capabilities and geographic reach, benefiting customers who rely on rapid property remediation services.
Mutares SE & Co. KGaA is a listed private equity holding company with offices in Munich (HQ), Amsterdam, Bad Wiessee, Chicago, Frankfurt, Helsinki, London, Madrid, Milan, Mumbai, Paris, Shanghai, Stockholm, Tokyo, Warsaw, and Vienna. The company focuses on acquiring companies in transition that show significant potential for operational improvement and are resold after stabilization and repositioning. Shares of Mutares are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" and are included in the SDAX selection index. More information is available at www.mutares.com.
The sale of Redo underscores the continued consolidation in the property remediation services industry, as strategic buyers seek to expand their geographic footprint and service offerings. For the industry, this deal signals the value of operational improvements and the importance of scale in a market where rapid response times are critical. Customers in Finland can expect continued high-quality service from Redo, now backed by a larger Nordic group.
