We advised Polartherm Group Oy in a cross-border transaction

We acted as legal and financial advisor to Polartherm Group Oy in a cross-border transaction where the Swedish listed company Bergman & Beving AB (publ) acquired an 80% stake in Polartherm Group.

Polartherm has a market leading position within mobile heaters with an impressive customer base, inter alia, in the aviation and defence sectors around the world. Polartherm has an annual revenue of approximately MEUR 12 with good profitability. The business is based in Luvia and Kokemäki in Finland and has 57 employees.

Bergman & Beving acquires and, over the long term, develops leading companies in expansive niches that deliver productive, safe, and sustainable solutions to the industrial and construction sectors. Through their companies, they are represented in over 4,000 sales outlets in more than 25 countries. Bergman & Beving is listed on Nasdaq Stockholm and has about 1,200 employees and generates a revenue of approximately SEK 4.5 billion.

Our team responsible for the assignment included Partner Harri Tolppanen, Senior Advisor Antti Liimatainen, Senior Associate Linda Miettinen, Project Manager Santeri Vaattovaara, Specialist Counsel Anne Björklund, Senior Associate Miika Huhtinen and Project Manager Max Tarkkala.

Read more in Bergman & Beving's press release.