News
Our latest news and deals.
Acquisition by Secto Automotive of OP Kulku
Waselius & Wist advised Secto Automotive in its acquisition of the OP Kulku business from Pivo Wallet, a subsidiary of OP Corporate Bank. OP Kulku offers long-term electric and hybrid vehicle leasing services for consumer and business customers. The acquisition makes Secto Automotive one of the largest providers of electric cars in Finland.
For more information, please view the press release (only available in Finnish).
Lawyers involved:
Acquisition by Loram of Roadscanners’ Rail Division business
Waselius & Wist advised Loram Maintenance of Way, Inc. in its acquisition of the Rail Division business of Roadscanners Oy, including its Rail Doctor® software. Loram is a leading supplier of track maintenance and friction management services and equipment in North America and around the globe. Loram has more than 175 machines and 2,100 friction management units located in 16 different countries.
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Acquisition of Pro Lift Oy by Joab group
Waselius & Wist represented Joab group in the acquisition of the business of Pro Lift Oy. JOAB is a market-leading manufacturer of truck bodies and has a turnover of about 900 million SEK and some 275 employees.
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Acquisition by Cockerill Maintenance & Ingénierie of Galvatek
Waselius & Wist represented Cockerill Maintenance & Ingénierie, a Belgian engineering group, in its acquisition of Oy Galvatek Ab, a leading Finnish automated surface treatment plant provider.
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Acquisition of Patrizia’s Itämerenkatu 5 office asset by eQ Finnish property fund
Waselius & Wist represented eQ Fund Management Company Ltd acting in the name and on behalf of eQ Finnish Real Estate (in Finnish: Erikoissijoitusrahasto eQ Liikekiinteistöt) as the buyer in the sale by PATRIZIA Immobilien Kapitalverwaltungsgesellschaft mbH acting for the account of the special AIF PATRIZIA Büro-Invest Europa I of commercial office property located in close vicinity of Helsinki city centre at Ruoholahti, Itämerenkatu 5. The target populates approx. 20 tenants and the transaction is W&I insured.
Value: MEUR 41.
Lawyers involved:
Acquisition by Inlook of Montagegruppen
Waselius & Wist represented Inlook Group, a leading Finnish service company supplying interior building solutions, in its acquisition of Montagegruppen. Montagegruppen is a leading Swedish provider of ceilings, acoustic solutions and special installations.
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Acquisition of Bella Boats by Nimbus Boats
Waselius & Wist represented Brunswick Corporation in the sale of its joint venture interest in Bella Boats to Nimbus Boats. Bella and Nimbus will form one of the largest leisure boat manufacturer in the Nordics with a combined turnover of some EUR 70 million.
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Acquisition by OpenText of Liaison Technologies
Waselius & Wist advised OpenText, a global leader in enterprise information management, in the Finnish law aspects of the acquisition of Liaison Technologies, a leading provider of cloud-based enterprise integration and data management solutions, for a total consideration of USD 330 million.
Lawyers involved:
Acquisition by CMA CGM of Containerships Oyj
Waselius & Wist advised CMA CGM, one of the global leaders in maritime transport, in its acquisition of Containerships Oyj and certain terminal holdings. Containerships is a full-service logistics company providing door-to-door container transportation.
Lawyers involved:
Acquisition of VR Track by NRC Group
Waselius & Wist represented NRC Group, a Norwegian company listed on the Oslo Stock Exchange, in the Finnish law aspects relating to its acquisition of VR Track, a subsidiary of the Finnish state-owned railway operator VR Group. The combined group will have more than 2 450 employees and annual revenues of more than NOK 6 billion.
Value: EUR 225 million.
Lawyers involved:
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