Wästbygg Gruppen’s SEK 230 Million Acquisition of Rekab Entreprenad

Setterwalls has advised Wästbygg Gruppen AB on the transaction.

Wästbygg Gruppen AB (publ) has entered into agreement to acquire all shares in Rekab Entreprenad AB, one of the leading construction companies in northern Sweden with local offices in Umeå, Sundsvall, Örnsköldsvik, Skellefteå and Luleå.

Rekab Entreprenad AB employs 175 people and mainly conducts business related to the construction and development of community service properties and commercial buildings.

The purchase price amounts to SEK 230 million on a debt-free basis, comprising a cash payment of SEK 147.2 million and SEK 82.8 million through the repurchase and transfer of own shares.

The Setterwalls team included Magnus Örtorp (Picture), Robin Sundin, Erik Thimfors, Erik Sandberg, Simon Borell, Amanda Persson and Madeleine Kristoferson.

Involved fees earner: Simon Borell – Setterwalls; Madeleine Kristoferson – Setterwalls; Magnus Örtorp – Setterwalls; Amanda Persson – Setterwalls; Erik Sandberg – Setterwalls; Robin Sundin – Setterwalls; Erik Thimfors – Setterwalls;

Law Firms: Setterwalls;

Clients: Wästbygg Gruppen AB;

Federica Tiefenthaler

Author: Federica Tiefenthaler