7.3.2017

Silvadata and Its Shareholders – Sale of Silvadata to Trimble Group

Related services

We represented Silvadata Oy and its 64 shareholders in the sale of the company to the US-based technology group Trimble Inc. and its Finnish subsidiary Trimble Finland Oy. The largest shareholder of the company before the transaction was The Central Union of Agricultural Producers and Forest Owners (MTK). In the transaction, Trimble acquired 100% of the shares in the company.

Silvadata provides enterprise applications and services for the private forest management industry. The company was founded in 1985. The Silvadata portfolio addresses private forest management, wood trading and financial systems. In addition, training, consulting, hosting and support services are provided for customers.

Trimble is a global positioning technology corporation, headquartered in Silicon Valley, California. Trimble has almost 10,000 employees in 35 countries. Trimble’s portfolio includes over 1,100 patents. Though best known for GPS technology, Trimble integrates a wide range of positioning technologies including GPS, laser, optical and inertial technologies with application software, wireless communications, and services to provide complete commercial solutions. Its integrated solutions allow customers to collect, manage and analyse complex information faster and easier, making them more productive, efficient and profitable. Trimble products are used in more than 150 countries around the world.

Our team

Latest references

Castren & Snellman Ebrands funding round

eBrands – Funding round

We assisted eBrands Holdings Oy in its latest funding round, during which the company raised 7.5 million euros. The new funding brings the company’s total raised capital to 50 million euros. The latest funding round was mainly led by the family investment company Veikko Laine, Varma Pension Fund, and operational shareholders. The funding will be used to develop eBrands’ AI-based Apollo market growth tool, which helps brands expand into sixty different markets and sales channels without local infrastructure or heavy investments. eBrands is an export platform that grows consumer brands globally through e-commerce and major retail channels. Specializing in the US and European markets, eBrands enables brands to internationalize with an export service model that reduces the risk and complexity associated with expansion by leveraging advanced technology. Founded in 2020, the Helsinki-based company’s team includes 75 people, and the company’s revenue exceeds 35 million euros.

Ugly Duckling Ventures – Investment in Skyfora

We represented Ugly Duckling Ventures in the EUR 4 million seed funding round of Skyfora. The investment will support the deployment of Skyfora’s advanced weather intelligence solutions, including their state-of-the-art Telecom GNSS Meteorology solutions. Ugly Duckling Ventures led the funding round alongside LUMO Labs, and other investors included, among others, Voima Ventures and EIC Fund. Ugly Duckling Ventures is a venture capital fund based in Copenhagen, Denmark, that focuses on seed and pre-seed stage investments in Nordic ventures. Skyfora is a Finnish weather intelligence company that provides next-generation AI-powered weather forecasting and data collection solutions. Their innovative Telecom GNSS Meteorology solutions are designed for optimizing the performance of AI weather forecasts improving global climate change resilience and weather-insight across industries.

Sanok Rubber Company S.A. – Sale of a minority stake in Teknikum Group

We advised Sanok Rubber Company S.A. in connection with a transaction where the Polish International Development Fund 2 FIZ AN acquired 30% of the shares in Teknikum Group Ltd from Sanok Rubber Company S.A. Teknikum Group is a European polymer technology company serving industrial customers in need of reliable rubber, plastic, silicone, polyurethane, and foam solutions. The group has approximately 600 employees and operates four production plants in Finland and one in Hungary, and a sales office in Germany. Sanok Rubber Company S.A. is the European leader in the field of rubber products, rubber-to-metal articles and combination of rubber with other materials for the automotive, construction, agriculture, pharmacy and household appliances. Sanok Rubber Company S.A. is listed on the Warsaw Stock Exchange and employs more than 3,000 people in Europe and North America. Polish International Development Fund 2 FIZ AN is one of two specialised foreign expansion funds managed by PFR TFI. The fund’s aim is to co-finance foreign investments of Polish companies. We advised Sanok Rubber Company S.A. together with the Polish law firm Rymarz Zdort Maruta.

CapMan Buyout – Divestment of Renoa Group

We advised CapMan Buyout in the exit of Renoa Group. Renoa Group management together with Korpi Capital and other investors have acquired the group. Renoa Group is a Finnish established expert in the building technology sector specializing in detached houses in Finland and Sweden. Renoa is a major provider of turnkey domestic water & heating, sewer system and electricity network renovations, with significant operations also in Sweden. The Group reported sales of €35 million and employed c. 300 personnel across its 10 offices in Finland and 6 in Sweden. Korpi Capital is a Finnish investment company with holdings in 29 companies.

Search from the site.