Wistrand advises Techstep ASA on the acquisition of Optidev AB
Techstep ASA has entered into a binding agreement to acquire all of the shares in Optidev AB (“Optidev”). Optidev is a leading supplier of mobility solutions based in Sweden, Norway and Denmark. Optidev is headquartered in Borås, Sweden and generated SEK 188 million in revenues in 2019. The total purchase price is SEK 200 million on a cash and debt free basis, payable through a combination of cash, Techstep shares and seller’s credit.
Techstep ASA is a leading Managed Mobility Services provider in the Nordics listed on the Oslo Stock Exchange. Closing of the transaction, which is subject to customary closing conditions, is expected to occur in October. The transaction is not subject to any regulatory approvals.
The Wistrand team mainly comprised of Per Dalemo (partner in charge), Hendrik Kangasmuukko (project management), Jeanette Jönsson (M&A), Amy Lindquist (M&A), Tobias Bratt (M&A/IP/IT) and Viktoria Hybbinette (Employment).