HPP advised Etteplan Oyj in the acquisition of all shares in Espotel Oy, a company specializing in embedded systems-related services, and in Soikea Solutions Oy, a company specializing in solutions for the industrial internet. The transactions, completed by April 4, 2016, substantially strengthened Etteplan Oyj’s position in the digitalization services market, especially in the areas of embedded systems and IoT solutions. The combined 2015 revenue of the acquired companies was approximately EUR 29 million.
HPP’s team was led by Specialist Counsel Mikko Sundström and Managing Partner Markku Mäkinen. Due to the scope and duration of the project, additional HPP Partners and Associates joined the project team as required.