Dachser Se signed an agreement to acquire Frigoscandia AB from Mutares SE & Co. KGaA (XTRA:MUX) for ?66 million on December 20, 2023. Upon completion of the transaction, Frigoscandia will be fully integrated into Dachser. It will report to Alexander Tonn, COO Road Logistics and Managing Director of Dachser. Frigoscandia?s Chief Executive Officer, Peter Haveneth, will continue to lead the company together with his proven and successful management team. The transaction is still subject to European competition authorities and Swedish Foreign Direct Investment (FDI) approval. Mutares expects the transaction to be closed in the first quarter of 2024. As of February 8, 2024, The European Commission has approved the transaction. Patrik Erblad, and Michael Engel of White & Case LLP acted as legal advisor and Carnegie acted as financial adviser to to Mutares SE & Co. KGaA.

Dachser Se completed the acquisition of Frigoscandia AB from Mutares SE & Co. KGaA (XTRA:MUX) on March 4, 2024.