8.7.2015

Hanza Holding Ab – Acquisition of Metalliset Group

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We acted as Hanza Holding Ab’s Finnish counsel relating to its agreement to acquire 100% of the shares in Metalliset Group. The purchase price, which is approximately SEK 70 million (EUR 7.6 million), will be paid partly in cash and partly through an issue of new shares in Hanza. The completion of the acquisition is conditional upon regulatory approval and a resolution by the general meeting on the rights issue. 

Hanza Holding Ab is a fast-growing industrial business partner within manufacturing, supplying complete manufacturing solutions in mechanics, electronics, cables and final assembly. Its shares are listed on the Nasdaq OMX First North market.

Metalliset Group makes high-quality products for the manufacturing industry. The company’s clientele consists of large Nordic companies. Metalliset has approximately 500 employees in Finland, Estonia, the Czech Republic and China.