Moll Wendén has acted as legal advisor to Nordic Waterproofing in the transaction.
Nordic Waterproofing Holding AB’s Swedish subsidiary Nordic Waterproofing Group AB has acquired the shares in Urban Green AB for an Enterprise value of SEK 55 million.
The transaction was closed in connection with the signing of the agreement on March 18, 2021. The purchase price was paid in connection with the completion of the transaction and is financed through Nordic Waterproofing’s existing credit facilities.
The acquisition is expected to have a small positive effect on Nordic Waterproofing’s earnings per share in 2021 within the Products & Solutions segment. Costs related to the transaction amount to approximately SEK 1 m and will be accounted for in the first quarter of 2021.
Urban Green was established in 2014 in Vislanda, Småland, with an idea to offer multifunctional green solutions in urban planning environments. In particular, the company provides large complex roofing contracts where the aim is to both create a solution to the stormwater problem and create a social space for meetings and socializing.
Nordic Waterproofing is one of Europe’s leading producers and suppliers of waterproofing products and services for buildings and infrastructure. Ease of installation, energy and environmental optimization are key components of the offer.
The acquisition is part of the strategy to promote sustainability by establishing green environments for roof landscapes. Urban Green complements Nordic Waterproofing’s existing Veg Tech operation and these two companies strengthens the offering of services and products to our customers in green solutions for urban environments.
Moll Wendén’s team consisted of Mikael Karlsson (Picture), Alexandra Johansson, Henric Stråth, Lina Andréasson, Stephanie Stensson and Christer Nylander.
Involved fees earner: Lina Andréasson – Moll Wendén; Alexandra Johansson – Moll Wendén; Mikael Karlsson – Moll Wendén; Christer Nylander – Moll Wendén; Stephanie Stensson – Moll Wendén; Henric Stråth – Moll Wendén;
Law Firms: Moll Wendén;
Clients: Nordic Waterproofing;