STOCKHOLM

Acquisition of Saint-Gobain companies in the Nordics

Carve-out from Saint Gobain S.A.

MIMIR INVEST AB, a global investment firm acquiring mature and growing companies, today announces the acquisition of Glassolutions Sweden and Norway from Saint-Gobain S.A. (EPA: SGO).

Headquartered in Sweden and Norway, the businesses are leading manufacturers and distributors of niche glass products. The combined businesses has historically delivered an annual turnover of €35 million and today employs 170 people.

”We are happy that Saint-Gobain chose Mimir as buyer of Glassolutions Sweden and Norway, something we hope is a testament to our creativity, mutuality and trustful way of doing business. The Mimir team look forward to partnering with Vidar Eikeset (CEO of the two companies) and the employees of Glassolutions Sweden and Norway to further develop the two companies’ manufacturing and distribution models. Mimir’s operations team offers decades of experience from working with manufacturing and distribution companies on a global scale to deliver growth and profitability to companies and partners”, says Jeff Bork, Managing Partner, Operations, Mimir.

“The success story of our glass goes back a long time in history both in Sweden and Norway why it was important for all employees that we found the right new owner of the companies. In Mimir I am confident we have found the right partner to develop Glassolutions Norway and Sweden outside of the Saint-Gobain group, while having the continued support of Saint-Gobain through a franchise agreement. Mimir brings additional resources and has seasoned expertise from building materials as well as many other industries.”, said Vidar Eikeset, CEO of the two companies.

The Mimir group was founded in 2016 and has combined revenue of more than EUR 300 million.

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

Joakim Notö, Managing Partner, M&A, joakim.noto@mimirinvest.com, +46 (0) 739 86 36 37

Related news

Mimir Completes Acquisition of Lindemann Gmbh

DÜSSELDORF

Mimir today announces the closing of the acquisition of Metso Outotec Metal Recycling. The business will from day one go back to its roots operating as Lindemann, the famous metal...

Read more

Eugene Ciemnyjewski joins Mimir as CEO of Euroatlas

BREMEN

Mimir Group announced today that Eugene Ciemnyjewski will join the firm as Industrial Advisor based in Germany, where he will advise Mimir on various aspects related to its investment program...

Read more

Mimir acquires Metso Outotec Metal Recycling

HELSINKI

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...

Read more