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Eversheds Sutherland has advised Sdiptech

  • Sweden

    19-02-2021

    Eversheds Sutherland has advised Sdiptech AB (publ) in connection with them entering into agreement to divest their Swedish elevator operations to TK Elevator Sweden AB (formerly: thyssenkrupp Elevator). The purchase price amounts to a total of SEK 233 million on a cash and debt-free basis, of which Sdiptech's shares in the companies are valued at SEK 154 million.

    The acquisition is subject to customary merger approval.

    Sdiptech is a technology group with a primary focus on infrastructure segments critical to well-functioning societies and to welfare, e.g. water & sanitation, power & energy, transportation, energy efficiency and air climate. As part of our offering in urban areas, we also provide niched technical services for buildings and real-estate such as renovation of elevators and roofs. The company has approximately SEK 2,000 million in sales and is based in Stockholm.

    For additional information please see press release published at https://www.sdiptech.se/press-release/sdiptech-divests-the-swedish-elevator-business.

    Eversheds Sutherland's team consisted of Jens André and Victor Sundh. 

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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