CAREL Industries S.p.A has entered into a binding agreement to acquire 82.4% stake in Kiona Holding AS, a leading Norwegian Software as a Service (“SaaS”) provider of prop-tech solutions for energy consumption optimization and building digitalization in retail & industrial refrigeration, public, commercial and multi-residential facilities. The acquisition consideration implies a 100% enterprise value of NOK 2,350,000,000 (c. SEK 2,428,255,000).
Vinge acted as counsel to CAREL with respect to Swedish matters in the transaction. Vinge advised CAREL alongside Thommessen.
CAREL, based in Italy and listed on the Milan stock exchange, is a global leader in the design, production and marketing of technologically advanced components and solutions for excellent energy efficiency in the control of heating, ventilation, and air conditioning (HVAC) and refrigeration equipment and systems.