Deal Announcement Ferrum Group
Type of deal: Sale of all shares
Sector: Steel industry
Object of sale: Ferrum Group Oy and Ferrum Invest Oy shares
PwC Finland acted as legal advisor to the shareholders of Ferrum Group Oy and Ferrum Invest Oy in sale of their shares in the said companies. Ferrum Group, established in 2005, specializes in the pre-processing of steel plates with a broad range of services. In addition to steel plate cutting services, the company offers diverse further processing services such as bending, machining, welding, heat treatments, and surface treatments. Ferrum Group's facility is located in Seinäjoki, where approximately 130 people are employed. In 2023, Ferrum Group's revenue was approximately 28 million euros.
In connection with the transaction, a real estate deal regarding the production facilities was completed whereby Onvest Oy acquired the entire shareholding of Ferrum Invest Oy.
Seller: Private shareholders of Ferrum Group Oy and Ferrum Invest Oy
Buyer: Feon Oy (Ferrum Group Oy) and Onvest Oy (Ferrum Invest Oy)
Deal announcement date: 2 September 2024
PwC's role: Seller's legal advisor
Our legal team consisted of partner Tero Malmivaara, director Saara Vahvaselkä and associate Vilma Tuononen.
