Terranor AB completed its second and third acquisitions: Wilda Transport och Entreprenad AB and NU Entreprenad AB, purchased from Wilton Invest AB. The transaction closed on 03.07.2024.
Wilda Transport och Entreprenad AB and NU Entreprenad AB are truck companies in Sweden specializing in transporting construction goods and equipment, winter and summer road operations, small construction works, and traffic safety support. Their customers are mainly general road O&M contractors, leading Swedish construction companies, and private customers. The companies generated revenues of approximately SEK 120 million in 2023 and have significant growth potential in all segments.
The company accelerates the diversification strategy defined in 2022 with the establishment of three subsidiaries. In 2023, the company founded Terranor Infra AB, which specializes in infrastructure projects of low and medium complexity, and Terranor Verte Oy, which focuses on green environmental construction and maintenance. This was followed in 2024 by the establishment of Terranor Signa AB, which specializes in traffic and road safety. The newly acquired add-on acquisitions Wilda Transport och Entreprenad AB and NU Entreprenad AB will operate under Terranor Norvia AB once registered and rebranded, covering transport and winter services across Sweden.
David Margula, CEO and Chairman Terranor Group, comments: “With this strategic add-on acquisition, the Terranor Group leverages the successes, particularly in Sweden, to accelerate the ambitious diversification strategy. This add-on represents another step towards integration of the upstream supply chain. Adding the vast synergy potential of Mutares’ presence in Sweden, we are positioned to solidify our market position as a Swedish leader in the state road operations and maintenance segment.”
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