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SÄKRA ACQUIRES ASSURANSSELECTOR AB

AssuransSelector Holding AB divests AssuransSelector AB to Säkra. AssuransSelector AB is an insurance advisor specialised in Swedish and international insurance solutions within technology, life science, consulting and industry.

AssuransSelector Holding AB was advised by HWF Advokater in the transaction.

ABSOLENT GROUP ACQUIRES INTERZON AB

Absolent Group AB (publ) has acquired Interzon AB, a privately-owned company headquartered in Täby, Sweden, with a manufacturing subsidiary in Tallinn, Estonia. Interzon, with a 2018 turnover of SEK 32 million, develops and manufactures filtration products for oil mist and odour removal in commercial kitchens. The acquisition gives Absolent Group access to a complementary filtration technology and a strong customer base of global fast-food and hotel chains.

Absolent Group is a global company group which, under the trademarks Absolent, Bristol and Filtermist, manufactures and sells air cleaning equipment for the cleaning of industrial process air within the machine tool business. Absolent Group had during 2018 approximately 240 employees and a turnover of around SEK 640 million. The group has its headquarters in Lidköping, Sweden, and production facilities in Sweden, England and Germany and is active, directly or through distributors, in 50 countries around the globe. Absolent Group AB is listed at Nasdaq First North Stockholm.

Absolent Group was advised by HWF Advokater in the transaction.

RIGHTS ISSUE OF AROUND MSEK 41.2 IN ACUCORT

AcuCort AB (publ) carries out a rights issue of shares of around MSEK 41.2. The funds contributed to the company through the rights issue shall primarily be used for the financing of the imminent commercialisation of AcuCort’s innovative drug candidate ISICORT®.

AcuCort develops and commercializes ISICORT® – a new fast-dissolving film that is placed on the tongue, based on a well-known cortisone substance – dexamethasone. ISICORT® is a smart product in a new, innovative, patented and user-friendly administration form primarily for the treatment of acute allergic reactions, viral croup in children and chemotherapy-induced nausea and vomiting. The bioequivalence study that forms the basis of the application for market approval in Europe is carried out with positive results, which strengthens the assessment that the time until commercialisation of ISICORT® may be relatively short. The AcuCort share is traded at Spotlight Stock Market in Sweden.

HWF Advokater acts as legal advisor to AcuCort in connection with the rights issue.

Absolent Group aquires Jeven Global Oy

Absolent Group AB (publ) has acquired Jeven Global Oy based in Mikkeli, Finland, and with manufacturing in Söderhamn, Sweden. Jeven is a privately held Nordic market leader in commercial kitchen ventilation and had a turnover in 2018 of SEK 126 million. The initial purchase price is SEK 100 million. Further, there is an earn out of maximum SEK 27 million directly linked to the EBIT level for the rest of 2019. The transaction is strategically important among other things as the commercial kitchen ventilation segment holds significant growth and innovation opportunities at the same time as it spreads Absolent’s market exposure across new areas.

Absolent Group is a global company group which, under the trademarks Absolent, Bristol and Filtermist, manufactures and sells air cleaning equipment for the cleaning of industrial process air within the machine tool business. Absolent Group had during 2018 approximately 240 employees and a turnover of around SEK 640 million. The group has its headquarters in Lidköping, Sweden, and production facilities in Sweden, England and Germany and is active, directly or through distributors, in 50 countries around the globe. Absolent Group AB is listed at Nasdaq First North Stockholm.

Absolent Group was advised by HWF Advokater in the transaction.

Absolent Group aquires Diversitech Inc.

Absolent Group AB (publ) has acquired Diversitech Inc., based in Montreal, Canada. Diversitech is a privately held global frontrunner in the fume extraction market expected to close the fiscal year 2019 in August with a turnover of SEK 140 million. The initial purchase price is SEK 96 million. Further, there is an earn out of maximum SEK 46 million directly linked to the EBITDA level performed over the next twelve months. The transaction is strategically important among other things as the company will serve as Absolent Group’s third growth platform following the existing metal machining and dust bulk handling platforms.

Absolent Group is a global company group which, under the trademarks Absolent, Bristol and Filtermist, manufactures and sells air cleaning equipment for the cleaning of industrial process air within the machine tool business. Absolent Group had during 2018 approximately 240 employees and a turnover of around SEK 640 million. The group has its headquarters in Lidköping, Sweden, and production facilities in Sweden, England and Germany and is active, directly or through distributors, in 50 countries around the globe. Absolent Group AB is listed at Nasdaq First North Stockholm.

Absolent Group was advised by HWF Advokater in the transaction.

Carlisle Companies acquires Ecco Finishing

Carlisle Companies Incorporated, listed on the New York Stock Exchange, has acquired Ecco Finishing Aktiebolag, a privately held manufacturer of low and high pressure painting equipment and sealing applicators based in Skara, Sweden. Ecco Finishing’s products are used in a variety of application settings primarily in the automotive, ceramics, leather, wood and plastics industries.

Carlisle Companies Incorporated is a diversified, global portfolio of niche brands and businesses that manufactures highly engineered products and solutions and the acquisition of Ecco Finishing fits Carlisle’s strategy of expanding its portfolio of sealants and adhesives application equipment.

HWF Advokater acted as legal advisors to Carlisle in the transaction.