01/12/2017 | Financial due diligence

Solteq Oyj / TM United A/S

HomeCase StudiesSolteq Oyj / TM United A/S

Alder & Sound was a provider of financial due diligence for Solteq Oyj in the acquisition of TM United A/S Group (known to the market as Theilgaard Mortenssen; TM). TM’s solutions are focused on digital transactions and the optimisation of the online customer experience.

The group posted net sales of EUR 4.8 million for 2016 and currently has a staff of 35 experts. The acquisition allows Solteq to expand to the Danish market and open an office in Norway. The company also has offices in the United Kingdom, Sweden and Spain.

The parties have signed the sale and purchase agrement (SPA) for all shares of the company on December 1, 2017. The net debt-free sale price (EV) is EUR 3.5 million; ca. EUR 1 million will be paid by a directed share issue to the seller.

For more information: Solteq to acquire TM United A/S group, expands to Denmark and Norway

A&S due diligence team involved:

Toni Turunen | Partner, Financial Advisory Services

Matti Kaloinen | Senior Associate, Financial Advisory Services

Antti Sauramo | Senior Associate, Financial Advisory Services

Tiina Piitulainen | Associate, Financial Advisory Services

 

 

Case studies

Share this on Social Media:

Subscribe to A&S Newsletter

By subscribing to our newsletter you’ll receive relevant information on current topics and invitations to our upcoming events.

The contact details are used strictly for communicational purposes. You may change your subscription preferences or cancel the newsletter at any time.