IQS Energi Komfort AB (publ) (“IQS”) has entered into an agreement to acquire all common shares in Sustainable Energy Solutions Sweden AB (”SENS”) to be paid through a share issue against contribution in kind, valuing the shares at approximately SEK 102 million. In connection with the transaction, the Swedish Securities Council has issued a ruling exempting the majority shareholder of SENS from the obligation to launch a mandatory tender offer.
Both IQS and SENS are active in sustainable energy solutions, where IQS is focused on the installation, running and maintenance, while SENS specializes in long-term innovative energy solutions with a broad patent portfolio and offering project management. Together the companies can realise substantial synergies and have a complete offer of products and services within the field of sustainable energy.
The extraordinary shareholders meeting in IQS that, among other things, is to resolve on the issue in kind is to be held on 31 August 2018.
Lindahl has advised the majority shareholders of SENS through a team lead by Annika Andersson (Capital Markets and Public M&A) with the assistance of Sebastian Iso-Kamula, Tim Johansson, Johanna Permatz and Mimi Hörnmo.
