Hannes Snellman Counsel to Soltech Energy AB (publ) in Its Acquisition of Essaglas & Aluminium AB
17 December 2021
Hannes Snellman acted as counsel to Soltech Energy Sweden AB (publ) in its acquisition of 100 per cent of the shares of the facade company Essaglas & Aluminium AB. The plan going forward is to, jointly with Soltech, integrate solar energy into the product range and increase both sales and earnings. The acquisition is Soltech's second acquisition in the facade industry and will strengthen the group's presence in this growing segment. The acquisition will be financed entirely by own cash and newly issued Soltech shares.
Essaglas was founded in 2012 and has since had a successful journey and is currently at the forefront of its industry. The business is run from a production facility outside Örebro, and the company performs all types of exterior and interior glass solutions, with an emphasis on facade construction of commercial properties. As Essaglas now becomes part of Soltech, the intention is to grow within solar cell facades.
This transaction was carried out within our infrastructure practice, and our core advisory team included Johanna Wärnberg, Claes Kjellberg, and Maja Uppgren.