Krogerus advises Uutechnic Group on the deal.
SPX Flow Technology Germany GmbH completed the tender offer to purchase all of the issued and outstanding shares in Plc Uutechnic Group Oyj.
Based in Charlotte, North Carolina, SPX FLOW, Inc. (NYSE: FLOW) innovates with customers to help feed and enhance the world by designing, delivering and servicing high value process solutions at the heart of growing and sustaining our diverse communities. The company’s product offering is concentrated in process technologies that perform mixing, blending, fluid handling, separation, thermal heat transfer and other activities that are integral to processes performed across a wide variety of sanitary and industrial markets. SPX FLOW had approximately $1.5 billion in 2019 annual revenues and has operations in more than 30 countries and sales in more than 100 countries.
UTG Mixing Group is a global technology group that provides competitive mixing solutions with a customer-oriented approach, minimizing life cycle costs. Its main customer sectors are the chemical, food, metallurgical and fertilizer industries, as well as environmental technology, water treatment and pharmaceuticals. The parent company of UTG Mixing Group is Plc Uutechnic Group Oyj, whose shares are listed on Nasdaq Helsinki. The business is carried out in the subsidiaries of the group, Uutechnic Oy and Stelzer Rührtechnik International GmbH.
The Krogerus team was led by Mårten Knuts (Picture), who was mainly assisted by Paul Raade, Samuli Torpisto, Olli Silvennoinen, Tuulia Tanskanen and Laura Anttinen.
Involved fees earner: Laura Anttinen – Krogerus Attorneys Ltd; Mårten Knuts – Krogerus Attorneys Ltd; Paul Raade – Krogerus Attorneys Ltd; Olli Silvennoinen – Krogerus Attorneys Ltd; Tuulia Tanskanen – Krogerus Attorneys Ltd; Samuli Torpisto – Krogerus Attorneys Ltd;
Law Firms: Krogerus Attorneys Ltd;
Clients: Uutechnic Group Oyj;