Aritco Group AB’s Acquisition of Motala Hissar AB

Hannes Snellman advised KONE Corporation and its subsidiary KONE Aktiebolag on the deal.

KONE Corporation and its subsidiary KONE Aktiebolag announced the divestment of Motala Hissar AB to Aritco Group AB, a wholly-owned subsidiary of Investment AB Latour (publ). Motala Hissar is a well-established and leading manufacturer of platform lifts. The company is based in Motala with in-house development and production, and it sells through distributors across large parts of Europe. Net sales in 2020 amounted to approximately SEK 200 m, most of which was export. The company has about 50 employees. 

KONE Corporation, founded in 1910 and headquartered in Espoo near Helsinki, Finland, is an international engineering and service company employing some 55,000 personnel across 60 countries worldwide. In addition, Kone builds and services moving walkways, automatic doors and gates, escalators and elevators. 

Hannes Snellman’s team consisted of Claes Kjellberg (Picture), Johanna Wärnberg, Jonas Sjöberg, and Iiris Ikkelä (Corporate/M&A), Peter Forsberg and David Olander (Competition & Procurement), and Jenny Lundberg (Employment).

 

Involved fees earner: Peter Forsberg – Hannes Snellman; Iiris Ikkelä – Hannes Snellman; Claes Kjellberg – Hannes Snellman; Jenny Lundberg – Hannes Snellman; David Olander – Hannes Snellman; Jonas Sjöberg – Hannes Snellman; Johanna Wärnberg – Hannes Snellman;

Law Firms: Hannes Snellman;

Clients: KONE Corporation;

Author: Federica Tiefenthaler