IFLR1000

Consolis acquisition of TMB's Finnish and Latvian operations

9/5/2019
Private acquisition
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Announced

9/5/2019

Overview:

  • Consolis, a supplier of precast concrete solutions, has agreed to acquire the Finnish and Latvian operations of TMB Group, a producer of concrete elements in the Baltics and Finland.
  • Consolis had initially agreed to acquire the entire TMB Group in October 2018 but the Estonian Competition Authority blocked the deal.

Prin Shasiharan - Researcher

Jurisdictions:

Finland
Latvia

Deal type:

Private acquisition

Practice area:

M&A

Industry sectors:

Industrials and manufacturing
Construction and materials

Firms:
Cobalt

Party: TMB Group (Seller)

Lawyer: Martin Simovart

Ellex

Party: Consolis (Acquirer)

Lawyer: Sven Papp

Krogerus

Party: Consolis (Acquirer)

Setterwalls

Party: Consolis (Acquirer)

Lawyer: Anders Söderlind

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