Reference – 11.01.2021

Procopé & Hornborg advised Indutrade on its acquisition of Pistesarjat Oy

Main contact

Pia Tanskanen

Managing Partner, Attorney at Law, Trained on the Bench

+358 50 3143 143

Procopé & Hornborg advised Indutrade on its acquisition of Pistesarjat Oy. Pistesarjat offers heating and frost protection cable systems, fire-resistant cable systems and data cable systems for global leading suppliers and customers in Finland. Moreover, Pistesarjat offers high quality solutions for application areas such as defrosting, electric heating, concrete hardening, industrial trace heating and fire-proof cabling. The Espoo-based company employs 25 people and has an annual turnover of some EUR 9 million.

Indutrade is an international industrial group focusing on developing and acquiring companies that are characterised by high-tech know-how and an ability to build enduring, close relationships with customers and suppliers. Indutrade operates through more than 200 subsidiaries and employs some 7,000 employees in over 30 countries on six continents. Indutrade’s shares are listed on Nasdaq Stockholm.

Procopé & Hornborg advised Indutrade during the negotiation process, supported Indutrade to include Pistesarjat Oy in its portfolio and thereby enabling Pistesarjat Oy’s future steps.

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