Mandate

Vinge advises Transtema in connection with the acquisition of Ericsson Local Services

July 11, 2018

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).
 

The Swedish rules on cabotage transport and posting will change on 2 and 21 February 2022

The Swedish government has decided on a number of new rules concerning cabotage transports, combined transports, transport customer responsibility for driving and rest times and posting of workers.
January 21, 2022

Vinge presents the Swedish chapter for the 2022 version of The Legal 500: Private Equity Country Comparative Guide

The guide provides an overview of the Swedish Private Equity market and the salient legislation in connection with PE transactions in Sweden.
January 11, 2022

The prohibition imposed by EU law on complying with secondary sanctions laid down by the United States against Iran may be relied on in civil proceedings

On Tuesday 21 December, the EU Court of Justice delivered its long-awaited judgment in the Bank Melli Iran case (Case C-124/20) on the interpretation of the EU Blocking Statute regarding compliance with third country sanctions. According to the Court, the prohibition imposed by EU law on complying with secondary sanctions laid down by the United States against Iran may be relied on in civil proceedings. Following the Court’s judgment, anyone seeking to terminate a contract with a person or business subject to US sanctions must thoroughly consider if the termination is motivated by other reasons than the existing sanctions and reflect on whether to apply to the Commission for a derogation from the Blocking Statute.
December 23, 2021