Enics’ Merger With GPV International

Castrén & Snellman, Homburger and Plesner advised Ahlström Capital and its portfolio company Enics Group.

GPV, Denmark’s largest electronics manufacturer, merges with Swiss-headquartered electronics manufacturer Enics. The transaction values the combined business at more than DKK 4 billion. The merger will create Europe’s second-largest EMS company with more than 7,500 employees and operations worldwide.

Schouw & Co A/S will hold 80% of the shares in the merged entity and Ahlström Capital will hold the remaining 20% of the shares.

The completion of the acquisition is subject to customary approvals, including from competition authorities in certain jurisdictions.

Schouw & Co. is a Danish industrial conglomerate listed on Nasdaq Copenhagen.

First and foremost, the two companies will leverage from each other’s strengths. While Enics is among the industrial leaders in design, lean manufacturing, and development of test systems for some of the world’s largest customers, GPV is a full-service EMS provider with a strong market focus and specialising in managing high-mix product portfolios, application design and engineering for a strong range of market-leading customers.

The Castrén & Snellman team included Benjamin Bade (Picture), Markus Rahnu, Nicklas Svento, Anni Suhonen, Kiti Karvinen, Joona Havunen, Sonja Hänninen, Pauliina Heikkonen, Teresa Kauppila, Marika Sand Kirk, Sofia Seppänen, Ville Kukkonen, Sampo Korpiola, Kanerva Sunila, Heidi Malmberg, Karla Kallela and Samuli Salminen.

The Homburger team included partner Andreas Müller, associate Léonard Aeschlimann and junior associate Lucas Forrer (all Corporate/M&A), partner Balz Gross and associate Anissa Kern (both Employment and Executive Compensation), partner Richard Stäuber and associate Daniel Lütolf (both Competition and Regulatory) as well as associate Raphaël Fellay (Tax).

The Plesner’s core M&A team consisted of Tina Kang, Søren Bauer and Emilie Appelrod.

Involved fees earner: Benjamin Bade – Castrén & Snellman; Sonja Hanninen – Castrén & Snellman; Joona Havunen – Castrén & Snellman; Pauliina Heikkonen – Castrén & Snellman; Karla Kallela – Castrén & Snellman; Kiti Karvinen – Castrén & Snellman; Teresa Kauppila – Castrén & Snellman; Ville Kukkonen – Castrén & Snellman; Heidi Malmberg – Castrén & Snellman; Markus Rahnu – Castrén & Snellman; Samuli Salminen – Castrén & Snellman; Marika Sand Kirk – Castrén & Snellman; Sofia Seppänen – Castrén & Snellman; Kanerva Sunila – Castrén & Snellman; Nicklas Svento – Castrén & Snellman; Léonard Aeschlimann Perales – Homburger; Raphaël Fellay – Homburger; Lucas Forrer – Homburger; Balz Gross – Homburger; Anissa Kern – Homburger; Daniel Lütolf – Homburger; Andreas Müller – Homburger; Richard Stäuber – Homburger; Emilie Appelrod – Plesner; Søren Bauer – Plesner; Tina Kang – Plesner;

Law Firms: Castrén & Snellman; Homburger; Plesner;

Clients: Ahlström Capital; Enics Group;

Federica Tiefenthaler

Author: Federica Tiefenthaler