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HULTSTRÖM GROUP DIVESTS HIFABGRUPPEN TO VAAKA PARTNERS

Hultström Group has entered into an agreement to divest all shares in HifabGruppen AB, which comprises the group’s entire operations, to Nordic private equity firm Vaaka Partners for a purchase price of SEK 258 million. The transaction is subject to approval by an extraordinary general meeting in Hultström Group.

Hultström Group provides project management and advisory services within, among other areas, construction, infrastructure, industry and environment. The shares of Hultström Group are listed on Nasdaq First North Growth Market.

KANTER advised Hultström Group on the transaction