Transtema Group AB (publ), listed on Nasdaq First North, has entered into an agreement to acquire Ericsson Local Services AB (”LSS”), Ericsson’s field service business in Sweden.
LSS constructs and maintains network infrastructure, primarily in the southern and central parts of Sweden. During 2017, the business had a turnover of MSEK 1 162, at an adjusted EBITDA of MSEK 34. The purchase price amounts to a maximum of MSEK 180. The acquisition will be partly financed through a fully secured rights issue through subscription undertakings, letters of intent and warranty obligations from Transtema’s main owners. Closing is conditional upon the consent of the Swedish Competition Authority.
Vinge’s team primarily consisted of responsible partner Anders Strid together with Natalie Bäck (project manager M&A), Rebecka Maltenius (commercial property), Anna Backman (employment) as well as Anna Palmérus and Hugo Lundstedt (both competition law).