Press releases 19 September 2022

Wistrand advises on the sale of SITS to Actona Group

Wistrand has together with CMS Poland advised Brodvik on its divestment of the Polish upholstery furniture manufacturer SITS.

In mid-June 2022, an agreement was concluded for the acquisition of SITS by the Danish furniture company Actona Group, owned by the Lars Larsen Group. SITS designs and manufactures furniture, primarily upholstered furniture, with a clear Scandinavian profile. Following approvals from the competition authorities in Sweden, Poland and Austria, the acquisition was completed on 22 July 2022.

Wistrand’s team was led by partner Robert Kullgren, primarily assisted by senior associate Henrik Aurelius and specialist counsel Alexander Gottsén. The CMS team was led by counsel Jaroslav Gajda, associate Dominika Pietkun and lawyer Agata Wladzinska.