Njord, working with Finland's Applex Attorneys, has advised AQ Group AB on its acquisition of 100% of the shares of Mecanova Oy, from Nivala, Finland, and its Mecanova OU subsidiary in Parnu, Estonia. JV Lakiasiat advised the Mecanova shareholders on the sale.
The agreement was signed on April 3, 2018, with the purchase price of the shares equal to EUR 1.1 million.
AQ Group, listed on Nasdaq Stockholm, is a global manufacturer of components and systems for industrial customers.
Mecanova Oy and its Estonian subsidiary are suppliers of sheet metal and copper components.
The Njord team consisted of Partners Karolina Ullman and Anne Veerpalu. The Applex Attorneys team was led by Partner Jukka Tanhuanpaa.
The JV Lakiasiat team was led by Jouni Vainionpaa.