Lindemann

Lindemann is a global leader in metal recycling equipment, consumables and services, and wants to be a driving force in the green transition towards lower dependency on the use of virgin materials. Lindemann provide the world with the best recycling machinery with the highest productivity to satisfy the immense global need for metal. Mimir acquired Lindemann in 2022 from Metso Outotec (NASDAQ: OUKPY), following a larger strategic review where Metso Outotec sold its waste and metal recycling activities, while focusing on mining equipment. The transaction itself was complex in that Lindemann is a truly global business with sales to more than 50 customers in all parts of the world. Through the carve-out of Lindemann asset and share transactions were made in more than 10 countries. Due to the business having been non-strategic for an extended period of time, it was not been able to build its own strategy or providing the type of services it has wanted to clients. During the transaction Mimir’s M&A and Operations teams worked side by side to enable a smooth carve-out in order to minimise and disruptions to customers and suppliers during the separation of Lindemann from its former parent group. Mimir will invest significantly into the company, capturing extensive growth potential in Lindemann with an opportunity to accelerate innovation and digitalization and vastly increase the service business by inter alia further strengthening Lindemann’s customer value proposition. The world will be reducing dependency on virgin materials and increase the use of recycled materials, outside of this commercial reality new regulations are also being continuously introduced to this effect. Mimir believes much more recycling capacity is needed around the world in the years to come and Lindemann will, with it’s strong product line-up, be uniquely prepared and positioned to be a key supplier in this capacity expansion.