Vinge has advised Eleda Infra Services Group on the deal.
Eleda Infra Services Group announced the acquisition of Gatu och Väg Väst AB (GVV).
GVV is based in Gunnilse and conducts construction and contracting operations in the south western Sweden, focusing on concrete maintenance work on, inter alia, bridges, power plants and port facilities. GVV has approximately 70 employees and yearly sales of around SEK 240 million. The company’s management team will continue in their respective operational management roles and become shareholders of the Eleda group.
Eleda Group is an expansive group focusing on civil engineering, contract and other services in infrastructure. The Group operates via regional companies across southern and central Sweden, currently Akeab, Mark & Energibyggarna, Salboheds Bygg & Anläggningstjänst, JVAB and One Nordic, all of which have similar business models and operational focus. Eleda Group’s corporate culture is marked by a strong entrepreneurial spirit, and the companies work independently in complementary geographical areas with the goal of being a leading player in their respective regional markets. Eleda Group, which has its headquarters in Stockholm, has around 2000 employees and sales around SEK 6 billion in 2019. Eleda Group is owned by Altor and a broad group of key individuals in the Group.
Vinge’s team consisted primarily of Christina Kokko (Picture), Michaela Cronemyr, Carl Fredrik Wachtmeister, Isak Willborg, Ebba Svenburg, Frida Ställborn, Johan Wahlbom, Joel Kokko, Tove Lövgren Frisk and Carl Bruneheim.
Involved fees earner: Carl Bruneheim – Vinge; Michaela Cronemyr – Vinge; Christina Kokko – Vinge; Joel Kokko – Vinge; Tove Lövgren Frisk – Vinge; Frida Ställborn – Vinge; Ebba Svenburg – Vinge; Carl Fredrik Wachtmeister – Vinge; Johan Wahlbom – Vinge; Isak Willborg – Vinge;
Law Firms: Vinge;
Clients: Eleda Infra Services Group;