Lassila & Tikanoja’s Acquisition of Sihvari Oy

Castrén & Snellman advised Lassila & Tikanoja on the deal.

Lassila & Tikanoja announced the acquisition of the entire share capital of Sihvari Oy. The acquisition strengthens L&T’s recycling and waste management services in the Jyväskylä and Turku regions as well as the Helsinki Metropolitan Area.

The acquisition includes Sihvari’s subsidiary Turun Seudun Hyötykuljetus Oy.

Sihvari is a waste management services company established in 2002. It participates in the circular economy through the efficient collection and transport of materials. The company’s operations are focused on the Jyväskylä region, South-West Finland and the Helsinki Metropolitan Area.

Sihvari was founded in Central Finland in 2002. It has grown into one of the largest Finnish transport companies operating in the circular economy. The parent company and its subsidiary Turun Seudun Hyötykuljetus employ over 80 people and operate approximately 70 collection vehicles. The company has branches in Jyväskylä, Helsinki, Turku, Kuopio and Lahti.

Lassila & Tikanoja is a service company that makes circular economy a reality. With operations in Finland and Sweden, L&T employs 8,100 people. Net sales in 2020 amounted to EUR 751.9 million. L&T is listed on Nasdaq Helsinki.

The Castrén & Snellman team included Heidi Paalanen-Koev (Picture), Krista Oinonen and Nicklas Svento.

 

Involved fees earner: Krista Oinonen – Castrén & Snellman; Heidi Paalanen-Koev – Castrén & Snellman; Nicklas Svento – Castrén & Snellman;

Law Firms: Castrén & Snellman;

Clients: Lassila & Tikanoja;

Author: Federica Tiefenthaler