DLA Piper has advised Halma on its acquisition of Sewertronics for an initial sale price of EUR 41 million. Gomez-Acebo & Pombo and Wardynski & Partners reportedly advised the sellers.
The transaction remains contingent on regulatory approval. The transfer price may be increased by an additional EUR 18 million, subject to conditions.
Halma is a UK-based global group of technology companies, employing more than 7,500 people in more than 20 countries.
According to DLA Piper, Sewertronics, based in Bialobrzegi, deals with the “repair and renovation of sewage pipelines, using a technique that does not require excavation, by inserting a lining into the pipe, which is then cured using innovative and patented ultraviolet LED technology.”
According to the firm, “the acquisition of Sewertronics is part of the Halma Group's growth strategy to acquire companies committed to a safer, clean and healthy future. Over the past ten years, Halma has invested more than GBP 1 billion for this purpose.”
DLA Piper’s team included Partners Marta Frackowiak and Piotr Miller, Senior Associate Michal Sowinski, and Junior Associate Filip Wilczynski.
Editor's Note: This article originally stated that Gomez-Acebo & Pombo and Wardynski & Partners had reportedly advised Halma as well. The article was changed on May 15, 2023, to reflect the correct role of those firms.
