Mimir Completes Acquisition of Euroatlas from Wärtsilä

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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.

About Mimir:

Mimir is a global investment firm acquiring non-core business units of large corporations and private companies that need operationally oriented ownership. The Mimir group has operations in 20 countries across the world and 1,000 employees.

For any inquiries about the transaction or Mimir, please contact:

Joakim Notö, Group Chairman & Managing Partner, joakim.noto{a}mimirinvest.com, +46 739 86 36 37