Carve-out from Caverion Corporation

HELSINKI & STOCKHOLM (23 November 2018). MIMIR INVEST AB, a global investment firm acquiring mature and growing companies, today announces the acquisition of assets forming the Project Piping business, part of Caverion Corporation’s (HEL:CAV1V) division Industrial Solutions.

Headquartered in Helsinki (Finland), the business is the leading Nordic provider of infrastructure design, engineering, manufacturing and installation of pressure piping and pressure vessels for power plants, industrial facilities and other end markets. The business offers an end to end engineering solution with delivery capability across Europe, employing 324 people while offering significant manufacturing capacity. Project Piping has EUR 45 million of sales and will be joining the Mimir group of companies that has combined sales of EUR 270 million.

Closed: acquisition of Puumerkki

HELSINKI & STOCKHOLM (NOVEMBER 1, 2017). MIMIR INVEST AB, a global investment firm acquiring non-core business units of larger corporations as well as private companies that need operationally oriented ownership, announced today that it has signed and closed the acquisition of Northern European building product wholesale and distribution company Puumerkki from Stora Enso.

Headquartered outside Helsinki, Puumerkki is a leading wholesale and distribution chain specialized in wood based products serving the construction, merchant, wood and sheet using industries. Puumerkki has the widest logistics offering in the Finnish market covering direct mill deliveries, logistics center deliveries and terminal services with 13 outlets across Finland and Estonia. Puumerkki boasts a 70 year legacy of excellence distributing wood products in and around Finland. In 2016 the company had c. EUR 160 million (SEK 1,500 million) of Revenue.

MIMIR is a global investment firm acquiring non-core business units of larger corporations as well as private companies that need operationally oriented ownership. We deliver transaction solutions to demanding Sellers in all industries. Our team has specific expertise in manufacturing, industrials, pharma & chemicals, medical devices, software & hardware, and paper & pulp