Mutares SE & Co. KGaA has completed the sale of Redo Oy, a leading Finnish provider of property remediation services, to Invex Group, a Norway-based industrial investor. The transaction, announced on July 15, 2026, positions Redo for its next phase of development within a broader Nordic platform under Invex's ownership, which also includes Recover, a company active in remediation and restoration services across Scandinavia.
Redo, headquartered in Helsinki, specializes in first-response and property remediation services, including inspection, demolition, drying, and reconstruction related to water, fire, moisture, and odour damage. With approximately 250 employees and revenues of around 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. This extensive coverage has made Redo a key player in the Finnish remediation market.
Since joining the Mutares portfolio in 2023, Redo underwent a comprehensive transformation and optimization program, which enhanced its operational efficiency and market position. The sale to a strategic buyer like Invex Group reflects the industrial attractiveness and future growth potential of the business, as noted 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, thanking the management team and employees for their commitment.
Mutares SE & Co. KGaA, a listed private equity holding company based in Munich, focuses on acquiring companies in transition that show significant potential for operational improvement. After stabilizing and repositioning these companies, Mutares typically resells them. The firm operates globally with offices in multiple cities, including Amsterdam, Chicago, London, and Tokyo. Its shares are traded on the Frankfurt Stock Exchange under the symbol 'MUX' and are included in the SDAX selection index. For more information about Mutares, visit www.mutares.com.
Invex Group, based in Norway, is an industrial investor with a focus on remediation and restoration services through its subsidiary Recover. The acquisition of Redo strengthens its presence in the Nordic region, providing a platform for cross-border synergies and expanded service offerings. The transaction aligns with Invex's strategy to build a leading Nordic platform in the remediation sector.
This sale marks another successful exit for Mutares, demonstrating its ability to transform and enhance the value of portfolio companies before divesting them to strategic buyers. The deal underscores the ongoing consolidation in the remediation services industry, where scale and geographic reach are increasingly important for competitive advantage.
