We represented the shareholders of Sitema Oy in a transaction in which Skarta Group Oyj acquires all of the company’s shares

We advised the shareholders of Sitema Oy in a transaction in which Skarta Group Oyj acquires all of the shares of Sitema Oy by share exchange and strengthens its know-how in the value chain of clean energy projects. To carry out the exchange of shares, Skarta Group Oyj, listed on Nasdaq First North, will organise a share issue directed at the current shareholders of Sitema Oy. The share issue will be paid in its entirety with Sitema Oy’s shares.

Skarta Group Oyj’s business operations focus on specialised construction projects and carbon-neutral industrial and energy projects in the field of specialised construction. The company is headquartered in Oulu and it has more than 150 employees in different offices in Finland and Sweden.

Sitema Oy provides planning and consulting services for electricity grids, renewable energy solutions, property infrastructure and telecommunications. The company is headquartered in Oulu, where it employs 35 people.

Partner Kirsi Putkonen was responsible for the assignment. The team also included Partner Torsti Lakari and Associate Rosa Väänänen.

For more information, please see the company release issued on 18 October 2021 (in Finnish).