Techstep ASA’s Acquisition of Optidev AB

Wistrand Advokatbyrå advised Techstep ASA.

Techstep ASA has entered into a binding agreement to acquire all of the shares in Optidev AB.

The total purchase price is SEK 200 million on a cash and debt free basis, payable through a combination of cash, Techstep shares and seller’s credit.

Optidev is a leading supplier of mobility solutions based in Sweden, Norway and Denmark. Optidev is headquartered in Borås, Sweden and generated SEK 188 million in revenues in 2019.

Techstep ASA is a leading Managed Mobility Services provider in the Nordics listed on the Oslo Stock Exchange. Closing of the transaction, which is subject to customary closing conditions, is expected to occur in October.

The Wistrand team mainly comprised of Per Dalemo (Picture), Hendrik Kangasmuukko, Jeanette Jönsson, Amy Lindquist, Tobias Bratt and Viktoria Hybbinette.

Involved fees earner: Tobias Bratt – Wistrand; Per Dalemo – Wistrand; Viktoria Hybbinette – Wistrand; Jeanette Jönsson – Wistrand; Hendrik Kangasmuukko – Wistrand; Amy Lindquist – Wistrand;

Law Firms: Wistrand;

Clients: Techstep ASA;