SSW and Crido Legal Advise on Sale of Assets by Skanska to Colas Polska

SSW and Crido Legal Advise on Sale of Assets by Skanska to Colas Polska

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SSW has advised Skanska S.A. on its sale of 11 bituminous mass plants and other assets to Colas Polska sp. z o.o. Crido Legal advised Colas Polska on the transaction, which it valued at approximately PLN 120 million.

Crido Legal describes it as "one of the largest transactions on the road and motorway construction market in recent years," and reports that, in addition to the bituminous mass plants, Colas also acquired over 130 construction machines and approximately 330 operational employees and 20 teams that lay bituminous mass. According to the firm, "the transaction will enable Colas, which has been doing business in the western part of the country for over 20 years, to expand throughout Poland.|

“Transactions on the construction market are becoming a reality," commented Crido Legal Partner Mateusz Rogozinski. "Consolidation is unavoidable and it arises from the increasingly higher costs of operations and the lack of appropriate employees. Small and medium-sized enterprises, as well as larger companies, will increasingly frequently be acquisition targets for the large players. The transaction conducted for Colas is one of the largest recent transactions on the road and motorway construction market. It will enable our client to conduct business throughout the country in the long term."

The SSW team was managed by Partner Pawel Chyb and included Partners Tomasz Wickel, Katarzyna Solarz, and Maciej Duch, Senior Associate Adam Pawlisz, and Associates Marta Szymczyk, Przemyslaw Szabat, and Magdalena Klimczyk.

The Crido Legal team consisted of Rogozinski and Associate Magdalena Purol, supported by lawyer Dominika Mazur and Associate Michal Furgalski. Crido's tax team was managed by Tax Managing Partner Pawel Tonski.