Hannes Snellman Counsel to Soltech Energy Sweden AB (publ) in Its International Expansion and First Bolt-on Acquisition

Hannes Snellman acted as counsel to Soltech Energy Sweden AB (publ) in its acquisition of the Dutch solar energy company 365 Energie Holding B.V. (“365zon”), the acquisition of the remaining 40 per cent of the subsidiary Din Takläggare i Värmland-Dalsland AB (“Din Takläggare”), and the bolt-on acquisition of the solar energy company Solexperterna Värmland AB (“Solexperterna”).

Soltech Energy Sweden AB (publ) acquired 53.3 per cent of the shares in 365zon, which had sales of SEK 250 million in 2021 and is estimated to have sales of approximately SEK 350 million in 2022 with an operating profit of approximately 10 per cent. This is Soltech's first international acquisition and establishes the Soltech group in the growing Dutch solar energy market. The acquisition is financed entirely with own cash and with newly issued Soltech shares.

Soltech Energy Sweden AB (publ) also acquired the remaining 40 per cent of the shares in its subsidiary Din Takläggare and, in connection with the acquisition, the Soltech Group made its first bolt-on acquisition by way of acquiring 100 per cent of the solar energy company Solexperterna through Din Takläggare. The bolt-on acquisition of Solexperterna further strengthens Din Takläggare's solar energy competence and installation capacity. Both acquisitions were financed entirely by equity with newly issued Soltech shares.

These transactions were carried out within our private M&A and infrastructure practice, and our core advisory team included Johanna Wärnberg, Maja Uppgren, Alexander Lindqvist, and Josephine Lindgren.