Acquisition of holdings in Detection Technology and Glaston Corporation

Ahlström Capital Oy

Posted on

22 Jun

2017

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Status:

Closed

Deal value:

Total deal value ca EUR 110 million, of which EUR 95.1 million attributable to the acquisition of shares in Detection Technology Plc. and EUR 14.9 million to the acquisition of shares in Glaston Corporation.

Dittmar & Indrenius > References > Acquisition of holdings in Detection Technology and Glaston Corporation

We advised Ahlström Capital on its acquisition of approximately 39% of Detection Technology, an X-ray technology company, and approximately 18% of Glaston, a glass processing technology company, from G.W. Sohlberg.

We represented Ahlström Capital in their acquisitions leading to the largest ownership of shares in the two listed companies Detection Technology Plc. and Glaston Corporation. Detection Technology’s shares are listed at the Nasdaq First North Finland and Glaston’s shares are listed at the Nasdaq Helsinki exchange.

Ahlström Capital is an investment company that focuses on industrial companies and real estate. Investments in industrial companies include significant ownerships in Ahlstrom Plc, Munksjö Plc, Suominen Plc, Destia Group Plc and Enics AG. Ahlström Capital also invests in real estate and forest properties. Ahlström Capital is one of the largest and most significant investment companies in Finland with a history of more than 160 years. In 2016, the group had an annual revenue of approximately EUR 1.0 billion and it employed 4,649 people.

We handled the transaction negotiations, including questions on insider rules, merger control and other regulatory approvals. We also coordinated the block trade taking place during the post-trading session of the Helsinki Stock Exchange and the First North Finland.

The deal involved complicated questions on insider regulation, as the seller’s managing director was also chairman of the board in both of the target companies.

 

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