Lehtovuori Oy’s Strategic Acquisition in Sweden

M&A
M&A

We advised Lehtovuori Oy on a significant strategic acquisition in which the company acquired 100% of the shares in the Swedish Tejbrant Gruppen AB. The transaction included Tejbrant Group’s manufacturing companies and real estate company in Sweden, as well as its operating companies in Poland and Germany. The project was carried out in close cooperation with Eversheds Sutherland’s offices in Sweden and Poland, and the multi-jurisdictional transaction was completed smoothly and on schedule. The outcome exceeded the client’s expectations.

Eversheds Sutherland acted as legal advisor to Lehtovuori Oy on the buyer side, advising on the legal aspects of the transaction and the transaction documentation, as well as coordinating the due diligence process, which was conducted primarily by Eversheds Sutherland’s teams in Sweden and Poland. The mandate required seamless collaboration between experts in several jurisdictions and careful management of a complex cross-border transaction.

Commenting on the transaction, Eero Ojanen, CEO of Lehtovuori Oy, said:
“Eversheds Sutherland showed strong leadership, guiding us through a complex process under pressure while always keeping our best interests in focus.”

The acquisition is historic and strategically significant for Lehtovuori Oy. It doubles the company’s turnover, expands the group’s operations into several European countries and elevates Lehtovuori to a leading market position in urban shelter solutions in the Nordic region. Following the transaction, the group comprises manufacturing facilities in Finland, Sweden and Poland, as well as sales companies including in Germany. The acquisition strengthens Lehtovuori’s position as a provider of comprehensive urban furniture solutions and brings significant new expertise, particularly in aluminium profile structures, which are a key competitive factor in international infrastructure projects.

The Eversheds Sutherland Finland team included Partner Antti Husa, Counsel Elias Smouni and Associates Sanni Tirkkonen and Riia Ruohomäki.

Key contacts

Antti Husa

Antti Husa

Antti Husa has been involved in over a hundred different corporate arrangements, ranging from assisting seed rounds of growth companies to IPOs. He actively serves as an advisor to both sellers and buyers in corporate transactions, and he also participates in the board work of several client companies as a board expert member and secretary.

Expertise includes
Private M&A
Venture Capital Transactions
Corporate and company law
Commercial agreements
Restructuring and Insolvency


The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.


Eversheds Sutherland Defence industry outlook

M&A
Defence Industry
M&A
Market Outlook
Valuation

We're pleased to share our Defence Outlook, providing a snapshot of key market developments, investment momentum and M&A activity across Europe's rapidly evolving defence sector.

The European defence sector has entered a new phase of growth. Rising defence budgets, the replenishment of stockpiles and the acceleration of EU/NATO programmes are driving broad-based demand – while the sector continues to face capacity constraints and a need for further investment.

Investor sentiment has shifted rapidly: defence and dual-use technologies are now seen as increasingly attractive, which is reflected in a pick-up in both funding rounds and M&A activity, including across the Nordics and in Finland. Key themes in the market today include the ability to scale production, resilient supply chains, and technologies with both civilian and defence applications (e.g., space, sensors, cyber, AI and autonomous systems).

Download the full report below to dive deeper into the trends reshaping Europe's defence sector. If you would like to discuss the topic further, please don't hesitate to get in touch.

Download the full report here.

    Key contacts

    Henri Falck

    Henri Falck

    Henri Falck specializes in commercial and strategic advisory for corporate and ownership transactions at Eversheds. He has extensive buy-side experience in private equity and has worked throughout his career with technology and software companies operating under the SaaS business model. At Eversheds, in addition to M&A transactions, Henri also advises clients on ownership arrangements related to growth financing.


    The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.


    Loihde Plc acquires BLC Turva Oy

    M&A
    Buy side
    M&A

    Loihde Plc has entered into an agreement to acquire BLC Turva Oy, a well-established specialist in corporate security systems and services. With this strategic step, Loihde is further consolidating its position as Finland’s leading provider of comprehensive security solutions for businesses.

    The addition of BLC Turva enhances Loihde’s regional presence and strengthens its capability to deliver security services across Finland. The acquisition will also reinforce Loihde’s service offering in voice evacuation, video surveillance and alarm systems and physical security solutions.

    We advised Loihde Plc in the transaction.

    The transaction is subject to the approval of the Finnish Competition and Consumer Authority, and the approval by the general meeting of Loihde Plc.

    The expertise of Eversheds Sutherland and the seamless collaboration between specialists from different fields of law were key factors in successfully completing the transaction. We received comprehensive support throughout every stage of the process and particularly valued the team’s practical approach and ability to find solutions even in challenging situations, comments General Counsel Antti Hemmilä, Loihde Plc.

    It was a pleasure to act as Loihde’s advisor in this transaction. Loihde’s clear vision, along with the professionalism and determination of their team, provided an excellent foundation for completing the deal. Bringing the transaction to the finish line required broad collaboration across multiple areas of expertise. Congratulations to both parties, says Partner Henrik Sandholm, Eversheds.

    The assignment was led by Partner Henrik Sandholm. Supporting team members were Senior Associate Linda Stenroth, Counsel Tiina Koivisto, Senior Associate Lassi Lepistö and Counsel Jarkko Hankaa. Competition law matters were handled by Partner Olli Hyvönen and Associate Sanni Tirkkonen.

    Read more here.

    Key contacts

    Henrik Sandholm

    Henrik Sandholm

    Henrik Sandholm is the Head of Transaction Services team and a seasoned advisor specializing in both international and domestic corporate transactions, as well as transactions in the renewable energy and real estate sectors.

    Expertise includes:
    Mergers and acquisitions
    Real estate
    Energy and infrastructure
    Commercial agreements
    Corporate
    International trade


    The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.


    Insta Group Is Acquiring the Entire Share Capital of Apex Automation

    M&A
    Buy side
    M&A

    We are delighted to have acted the holistic advisor to our client, Insta Group, in its regional expansion through the acquisition of Apex Automation Oy, a specialist in industrial automation and electrical design. The transaction marks another milestone in our long-standing collaboration and is the second transaction we have successfully completed together within the past year.

    The acquisition supports technology powerhouse Insta’s strategy to strengthen its position as a leader in industrial electrical automation and digitalization, while enabling joint growth and enhancing its capability to deliver increasingly large-scale projects efficiently and close to customers. Insta has been on an impressive growth trajectory for 14 consecutive years, with its 2024 turnover once again reaching a record-high EUR 176.2 million.

    The advisory team consisted of Partner Antti Husa, M&A Manager Santeri Vaattovaara, Specialist Counsel Tiina Koivisto and Associates Josefina Lind and Titta Peltonen.

    Read more in Finnish:
    Insta vahvistaa teollisuuden osaamistaan Pohjanmaalla – hankkii Apex Automationin koko osakekannan
    Insta ja Apex Automation yhdistyvät – Apex Automation
    Teknologiayhtiö Insta osti kokkolalaisen Apex Automationin | Keski-Pohjanmaa | Yle

    Key contacts

    Antti Husa

    Antti Husa

    Antti Husa has been involved in over a hundred different corporate arrangements, ranging from assisting seed rounds of growth companies to IPOs. He actively serves as an advisor to both sellers and buyers in corporate transactions, and he also participates in the board work of several client companies as a board expert member and secretary.

    Expertise includes
    Private M&A
    Venture Capital Transactions
    Corporate and company law
    Commercial agreements
    Restructuring and Insolvency


    The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.


    Eversheds Sutherland SaaS Index H1 2025

    M&A
    Buy side
    M&A
    Saas
    Valuation

    The Eversheds Sutherland SaaS Index provides an in-depth overview of the Nordic software-as-a-service (SaaS) market and its valuation trends. Covering over 40 listed companies across Finland, Sweden, Norway and Denmark, the index highlights key developments and investor sentiment across the region's dynamic software sector.

    The report also tracks the typical SaaS performance indicators such as the Rule of 40, revenue growth, and profitability to provide a comprehensive picture of the current valuation environment.

    The SaaS Index offers valuable insights for investors, founders, and corporates navigating the evolving Nordic technology landscape.

    Download the full presentation [here] to explore the latest data and analysis.

    Download the full report here to explore the latest data and analysis.

    We hope the analysis offers valuable perspective. If you'd like to learn more, we'd be happy to continue the conversation.

      Key contacts

      Antti Liimatainen

      Antti Liimatainen

      Antti Liimatainen is the Chief Operating Officer at Eversheds Sutherland Finland. He has experience in more than 100 Finnish and cross-border corporate transactions.

      Expertise includes:
      M&A transactions
      Financing
      Exit readiness
      Transaction readiness
      Post merger integration

      Henri Falck

      Henri Falck

      Henri Falck specializes in commercial and strategic advisory for corporate and ownership transactions at Eversheds. He has extensive buy-side experience in private equity and has worked throughout his career with technology and software companies operating under the SaaS business model. At Eversheds, in addition to M&A transactions, Henri also advises clients on ownership arrangements related to growth financing.


      The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.


      Major Financing Secured for Finland’s Largest Battery Energy Storage Facility

      M&A
      M&A

      We have together with Eversheds Sutherland UK and Spain advised Kommunalkredit Austria AG on the financing of Finland’s largest battery energy storage project.

      The 100 MW / 200 MWh SIMO BESS, developed by Fotowatio Renewable Ventures (FRV) in partnership with AMPTank Energy, marks a significant milestone in Finland’s energy transition — strengthening grid stability, enabling greater renewable integration, and supporting decarbonisation across the Nordics.

      We advised Kommunalkredit as sole arranger and lender on the term loan financing.

      Our team comprised Partner Henrik Sandholm, Specialist Counsel Leena Pyymäki, Associate Sanni Tirkkonen and Associate Henri Minkkinen (Helsinki); Partner Mark Dennison, Partner Peter Greenall, Consultant David Wyles, Counsel Timothy H. and Associate Eunice W. (London); and Partner Teresa Villarroya Vargas and Eugenia García-Calzada Villar (Madrid).

      Key contacts

      Henrik Sandholm

      Henrik Sandholm

      Henrik Sandholm is the Head of Transaction Services team and a seasoned advisor specializing in both international and domestic corporate transactions, as well as transactions in the renewable energy and real estate sectors.

      Expertise includes:
      Mergers and acquisitions
      Real estate
      Energy and infrastructure
      Commercial agreements
      Corporate
      International trade

      Leena Pyymäki

      Leena Pyymäki is a Specialist Counsel in our M&A team, focusing on contractual negotiations and the preparation of transaction documentation.

      She advises clients on corporate law, mergers and acquisitions, financing, commercial agreements, and matters related to international trade. Leena has extensive international experience, having served for six years as Head of Legal and Company Secretary for the French subsidiary of a Finnish parent company.


      The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.


      M&A 360° Oulu: HR, Employees and Employee Engagement in Corporate Transactions

      Event type: In-person
      10/28/2025 1:30 pm 10/28/2025 4:00 pm
      Technopolis, Sepänkatu 20, Oulu
      Employment | M&A
      M&A

      M&A 360° Oulu brings together M&A experts and decision-makers from both the buy and sell sides. The event offers up-to-date insights, perspectives, and discussions for everyone interested in mergers and acquisitions.

      Participants will hear the latest updates on the M&A market from leading experts, business executives, and board professionals. The focus of this year’s event is on the role of personnel in corporate transactions – how do integration processes and employee engagement influence the success and sustainable value of an M&A deal?

      The program features inspiring keynotes and insightful discussions from top names in the field.

      Agenda

      13:30 Opening Remarks

      • Jari P. Tuovinen, CEO, Oulu Chamber of Commerce
      • Juha Ala-Mursula, Director, Business Oulu

      13:30 M&A Trends 2025 and the Eversheds Sutherland M&A Report 2025

      • Antti Liimatainen, COO, Eversheds Sutherland
      • Kirsi Karvonen, Partner, Eversheds Sutherland

      14:00 Commentary: M&A Trends

      • Juha Laakkonen, CEO, Kaleva Media

      14:15 Panel Discussion – M&A and Successful Integration

      • Juha Laakkonen, CEO, Kaleva Media
      • Katja Virkkunen, Business Director, Oulun Energia Group
      • Teemu Puumalainen, Investment Director, Nordic Option Oy
      • Moderator: Kaija Pulkkinen, Partner, Eversheds Sutherland

      14:45 Coffee and Networking

      15:15 When Cultures Meet – Keys to Success in Energy Sector M&A

      • Katja Virkkunen, Business Director, Oulun Energia Group

      15:50 Closing Remarks

      The event is free of charge. The language of the event is Finnish. Please register by Friday, 24 October 2025.

      The event is organized in collaboration with Eversheds Sutherland, Oulu Chamber of Commerce, and Business Oulu.

      Key contacts

      Antti Liimatainen

      Antti Liimatainen

      Antti Liimatainen is the Chief Operating Officer at Eversheds Sutherland Finland. He has experience in more than 100 Finnish and cross-border corporate transactions.

      Expertise includes:
      M&A transactions
      Financing
      Exit readiness
      Transaction readiness
      Post merger integration

      Kirsi Karvonen

      Kirsi Karvonen

      Kirsi Karvonen advises clients primarily on M&A and corporate transactions, including asset transfers, share exchanges, mergers, and demergers. Over the course of her career, she has been involved in hundreds of diverse transactions and corporate arrangements. Kirsi also has extensive experience in private equity investments and has advised numerous private equity funds.

      Kaija Pulkkinen

      Kaija is a Partner with extensive experience in employment law, litigation, real estate, and public-sector incorporation projects. She leads our Employment team and advises both private and public sector employers on all areas of labour law, from contracts and terminations to corporate transactions and organizational changes.

      Kaija is highly experienced in employment dispute resolution and collective bargaining, having negotiated both industry-wide and company-specific collective agreements. She also provides training on employment law and advises clients on real estate, company law, and public procurement matters.


      The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.


      Verkonrakentaja Wire Oy Acquired by Aterion AB

      M&A
      M&A
      Sell side

      We advised the sellers in the sale of all shares in Verkonrakentaja Wire Oy, a Finnish network construction company, to Aterion AB, a Swedish buyer.

      The EVS Finland team included Counsel Juha Kujala, Senior Associate Linda Stenroth, and Associate Sanni Tirkkonen, supported by Partner Olli Hyvönen, Senior Associate Jenna Kallioniemi, Partner Kaija Pulkkinen, and M&A Manager Santeri Vaattovaara.

      Read more in Finnish Verkonrakentaja Wire Oy:n omistus muuttuu / Verkonrakentaja Wire.

      Key contacts

      Juha Kujala

      Juha Kujala has extensive and versatile expertise in corporate, contract, and labour law, as well as in corporate acquisitions and transactions.

      He also has solid experience in matters related to the securities market. Before rejoining private practice, Juha built a long and successful career at the listed company Revenio Group Corporation, where he served as Legal Counsel and Director of Business Development. His in-depth understanding of business operations now brings significant added value to Eversheds’ legal services.


      The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.


      The New Playing Field of M&A – Value from Data, Protection from IPR, Direction from Regulation

      Event type: In-person
      11/06/2025 5:00 pm 11/06/2025 8:00 pm
      Eversheds Sutherland Finland, Fabianinkatu 29 B, 8. krs, Helsinki
      IP & Data | M&A
      IP
      M&A

      The M&A Landscape is Changing. Data, intellectual property rights, and EU regulation are playing an increasingly decisive role in determining deal value and the conditions for success.

      During the evening, our experts will provide practical insights into market trends, the importance of IPR, and the EU’s new data and AI regulations.

      After the presentations, the evening will continue with discussions and networking over refreshments.

      Get ready for an evening of inspiring talks and insightful discussions:

      • IPR in M&A Transactions – Partner Petteri Häkkänen & Patent Attorney, EU Trademark and Design Attorney Akseli von Koch
      • EU Data and AI Regulation in M&ASenior Associate Otto Michelsen
      • M&A Market Overview – COO Antti Liimatainen

      The event is free of charge. The language of the event is Finnish. Please register by Wednesday, 29 October 2025.

      The event is part of Eversheds Sutherland Europe Action Week – a dynamic mix of events designed to help you stay ahead of the curve. See all Action Week events here.

      Key contacts

      Petteri Häkkänen

      Petteri Häkkänen

      Attorney-at-Law, Partner, Head of IP team, Managing Partner of Heinonen & Co

      +358 40 745 7193

      petteri.hakkanen@eversheds.fi

      @https://fi.linkedin.com/pub/petteri-h%C3%A4kk%C3%A4nen/40/530/7a9

      Petteri Häkkänen leads our IP practice with his extensive experience in handling high-profile IP matters. He excels in managing complex legal proceedings concerning all industrial rights, as well as in the preceding conflict management investigations and protection strategies. Petteri typically handles intricate trademark or patent infringement cases, often involving significant cross-border aspects. Additionally, he advises on matters related to trade secrets and unfair business practices.

      Antti Liimatainen

      Antti Liimatainen

      Antti Liimatainen is the Chief Operating Officer at Eversheds Sutherland Finland. He has experience in more than 100 Finnish and cross-border corporate transactions.

      Expertise includes:
      M&A transactions
      Financing
      Exit readiness
      Transaction readiness
      Post merger integration


      The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.


      Significant Marketing Sector Transaction: Formation of the New Valve Group

      M&A
      M&A
      Sell side

      Valve Group has been created through a major restructuring involving Kaleva Group, Arvo Sijoitusosuuskunta and Valve. As part of the arrangement, Kaleva’s subsidiaries Kolmas Polvi Oy and Indieplace Oy join forces with Valve Branding and Advance B2B. The new group now brings together nearly 200 professionals with combined revenues of approximately €20 million, aiming to grow to €40 million by 2029.

      The ownership of the new entity will be shared equally between management shareholders, Kaleva and Arvo. Both Kaleva and Arvo have also made substantial new investments to support the ambitious growth strategy.

      Our team had the pleasure of acting as Kaleva Oy’s legal advisor in this transaction. The assignment was led by Partner Kirsi Karvonen, supported by Specialist Counsel Tiina Koivisto, Partner Kaija Pulkkinen, and M&A Manager Santeri Vaattovaara.

      Read more at Kaleva (in Finnish).

      Key contacts

      Kirsi Karvonen

      Kirsi Karvonen

      Kirsi Karvonen advises clients primarily on M&A and corporate transactions, including asset transfers, share exchanges, mergers, and demergers. Over the course of her career, she has been involved in hundreds of diverse transactions and corporate arrangements. Kirsi also has extensive experience in private equity investments and has advised numerous private equity funds.


      The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer.