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Mimir Completes Acquisition of Lindemann Gmbh
Mimir acquires Metso Outotec Metal Recycling
HELSINKI (31 December 2021)
Metso Outotec (HEL: MOCORP) has signed an agreement to divest its Metal Recycling business line to an affiliate of Mimir.
The closing of the transaction is expected to take place during the first half of 2022. The parties have decided not to disclose the value of the transaction. Metso Outotec announced in October 2020 that it intends to divest its recycling businesses, which have since been reported as part of discontinued operations in Metso Outotec’s financial statements. The Metal Recycling business sold to Mimir include the brands Lindemann and Texas Shredder. The business will change name in conjunction with the divestment and operate under the Lindemann brand globally, with headquarters in Düsseldorf, Germany. Its current approximately 160 employees will transfer to the new company in connection with the transaction. The net sales of the business totaled EUR 77 million in 2020.
Mimir Completes Acquisition of Euroatlas from Wärtsilä
BREMEN, GERMANY (30 July 2021)
Mimir Group today announces the closing of its strategic acquisition of Wärtsilä Euroatlas GmbH from Wärtsilä Corporation (HEX:WRT1V). The company has been renamed Euroatlas GmbH in tandem with closing.
Euroatlas, based in Bremen (Germany) is providing its Global customer base tailormade solutions for high performance technology in power conversion across naval submarine and surface vessels, aviation and mobile land-based applications requiring the highest reliability and power density and leading-edge energy efficiency under harsh environmental conditions. Due to the military product offering the transaction and Mimir was subject to a successful review by the German government.