NCC took the decision to divest the Road Services division since it has few synergies with other parts of the business and has been loss-making, but it is a business that can develop well in another context. In July 2020, the Swedish and Finnish part of Road Services were divested to Mutares, who now acquires also the Danish part of the business.

”Mutares is already the owner of the business in Sweden and Finland, under the name Terranor, and we have now agreed that they will also take over the business in Denmark. Mutares offers a good platform for future development”, says Kenneth Nilsson, Head of business area NCC Infrastructure.

NCC Road Services in Denmark has several operating agreements and specialist fields in sweeping, road service area maintenance, signage, and traffic handling, weed control and in situ cast curbstone. Road Services Denmark works nationwide through seven regional offices. The business has approximately 200 employees.

The transaction is done through a share purchase agreement and closing is expected in the second quarter 2021. The transaction is not expected to require approval from the Danish competition authorities.

“We are proud of an additional opportunity to collaborate with NCC on a second acquisition within only a few months. We can say with confidence that we have done a great job with Terranor so far. Now, we are excited to welcome Road Services Denmark into our portfolio,” says Johannes Laumann, CIO of Mutares.