Mubadala Capital completed the acquisition of RelyOn Nutec from Polaris.

Mubadala Capital, an investment firm, completed the acquisition of RelyOn Nutec, a global safety training and competence provider, from Polaris, the Copenhagen-based investment company. Financial terms were not disclosed. ”RelyOn Nutec steered safely through the challenging COVID-19 times and has emerged as a global front-runner in the safety and competence training across high consequence industries. We have enjoyed the partnership with the management team, and we are very pleased with the strong performance and the great growth prospects for RelyOn Nutec under Mubadala Capital’s ownership,” Henrik Bonnerup, Polaris Partner.