Wistrand advises on the sale of Prevex
Wistrand acted as legal advisor to the sellers in connection with the sale of Prevex AB to Ahlsell.
Prevex AB is a specialized hardware store chain for professionals, with a strong market position in Gothenburg and Malmö where they operate from three well-located stores. The company has 102 employees and sells mainly to local construction and rental companies. The company’s turnover 2015 amounts to approximately SEK 350 million.
Ahlsell is one of the Nordic region’s leading trading companies in installation products and tools & machinery. It offers a wide range of products and services to professional users in the segments of HVAC, electrical, refrigeration, construction, tools and machinery. The Group has an annual turnover of approximately SEK 23 billion and about 4,800 employees.
Prevex AB will continue to operate under its own brand and the management, which stays in the company, sees great opportunities to further develop Prevex AB with the support of Ahlsell’s wide range assortment and powerful purchasing and logistics function.
The sale is conditional upon approval from the Swedish Competition Authority.
The team from Wistrand was led by Mattias Boqvist (partner, M&A) assisted mainly by Johannes Wårdman (senior associate, M&A) and Amanda Samuelsson (associate, M&A). The team also included Tomas Hecht (partner, tax), Tobias Bengtsson (partner, competition), Maria Kosteska Fägerquist (partner, employment), Erik Ullberg (senior associate, Intellectual Property) and Sara Fager (associate, M&A).
For further information:
Mattias Boqvist, Partner
P: +46 31 771 21 28
M: +46 70 655 56 34