Reference – 26.10.2021

Procopé & Hornborg acted as a Legal Advisor of Vahanen Group in the sale of its shares to AFRY

Main contact

Petri Kyllönen

Partner, Attorney at Law

+358 40 0757 732

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, Attorney at Law

    +358 40 0757 732

  • Pia Tanskanen

    Managing Partner, Attorney at Law, Trained on the Bench

    +358 50 3143 143

  • Ismo Hentula

    Partner, Attorney at Law, eMBA

    +358 40 8338 002

  • Sonja Heinonen

    Associate

    +358 50 4682 182

  • Iida Kangaspeska

    Associate

    +358 40 0965 359

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