Procopé & Hornborg acted as a Legal Advisor of Vahanen Group in the sale of its shares to AFRY
Main contact
![](https://procope.fi/wp-content/uploads/2022/10/petri-kyllonen-2-300x295.jpg)
Petri Kyllönen
Partner, Chairman of the Board, Attorney at Law
Procopé & Hornborg acted as the Legal Advisor to Vahanen Group’s management and its shareholders in the sale of the entire share capital of Vahanen International Oy to AFRY, a European leader in engineering, design, and advisory services.
AFRY is a Swedish-Finnish engineering, consulting, and design company. They have 16,000 employees in 50 different countries. In 2020, their net sales were 1.9 billion.
Vahanen Group is a Finnish-owned technical consulting organization in the construction and real estate sector. The acquisition provides an excellent opportunity for Vahanen Group to continue their growth journey and further develop their operations. In 2020, Vahanen Group’s net sales were EUR 46.6 million (pro forma). Currently Vahanen Group employs approximately 500 people and has offices in several cities in Finland and offices also in Estonia and in Romania.
The transaction remains subject to customary merger control clearance.
Procopé guided the project to a successful outcome according to the goals set by the sellers. Procopé´s transaction team consisted of Petri Kyllönen, Pia Tanskanen, Ismo Hentula, Sampsa Perttunen, Katariina Rontu, Sonja Heinonen, Hilma Laamanen, Sari Oravainen, Iida Kangaspeska, Oona-Maria Kultti and Annika Grönholm. We would like to thank all the parties involved and especially the buy-side team at Krogerus Attorneys Ltd headed by Marcus Möller together with Jenni Teurokoski for the great cooperation in this transaction.
Related professionals
Petri Kyllönen
Partner, Chairman of the Board, Attorney at Law
+358 40 0757 732
petri.kyllonen@procope.fi
Pia Tanskanen
Managing Partner, Attorney at Law, Trained on the Bench
+358 50 3143 143
pia.tanskanen@procope.fi
Recent references
more referencesLegal advisory services to Destia for an acquisition
We were happy to provide legal advisory support to Finland’s largest infrastructure service provider Destia throughout the acquisition of the substation construction business of Rificum Oy. The energy business is an essential part of Destia’s strategy, and the increase in substation constructio…
Reference – 29.08.2024
KH Group Plc divests HTJ
We are pleased to announce that KH Group Plc, together with the other shareholders of HTJ Holding Oy, has successfully signed an agreement on the sale of HTJ Holding Oy’s shares to XPartners Group company XPartners Finland Holding Oy. Procopé & Hornborg provided legal advisory support to KH …
Reference – 11.06.2024
Škoda Transtech’s engineering and documentation operations in Oulu, Finland will be partially transferred to Etteplan
We are delighted to announce that Etteplan and Škoda Transtech have agreed on the partial transfer of the engineering and documentation department’s operations of Škoda Transtech in Oulu, Finland to Etteplan. According to the agreement, 21 employees from Škoda Transtech will join Etteplan as e…
Reference – 07.05.2024