Gleiss Lutz advises Bluewater subsidiary Jernbro on acquisition of Veltec

Munich — Gleiss Lutz has advi­sed Jern­bro, one of Sweden’s leading provi­ders of indus­trial services, on the acqui­si­tion of Veltec Nordics Holding GmbH from Bochum-based PSS.
The tran­sac­tion is expec­ted to close in Septem­ber 2024 and is subject to custo­mary closing condi­ti­ons and approvals.
Jern­bro is a leading provi­der of indus­trial main­ten­ance services and projects with 30 loca­ti­ons and over 1,000 employees in Sweden.
Veltec is a leading indus­trial services company with a strong presence in Norway and Denmark.
Jern­bro is a port­fo­lio company of Blue­wa­ter, an inter­na­tio­nal private equity fund specia­li­zing in the energy sector.
Blue­wa­ter curr­ently has USD 2.5 billion of capi­tal under manage­ment with a port­fo­lio of 19 compa­nies, focu­sing prima­rily on projects or tech­no­lo­gies that contri­bute to the energy transition.
As a signa­tory to the UN Prin­ci­ples for Respon­si­ble Invest­ment, Blue­wa­ter has a strong focus on ESG.
Follo­wing the acqui­si­tion, a team of around 1,300 employees will operate in over 35 loca­ti­ons in Sweden, Norway and Denmark, provi­ding compre­hen­sive end-to-end indus­trial services and support­ing decar­bo­niza­tion projects. Advi­sors to Jern­bro: Gleiss Lutz Dr. Jan Bals­sen (lead, part­ner, photo © GL), Dr. Stepha­nie Daus­in­ger, Dr. Adrian Schulz (all Munich), Dr. Pirmin Emanuel Schrei­ner (all M&A, Berlin), Dr. Stefan Mayer (part­ner), Dr. Domi­nik Monz (both Frank­furt), Jochen Pfle­ger (all tax, Hamburg), Dr. Alex­an­der Molle (part­ner, Berlin), Chris­tian Eulen­pesch (both commer­cial, IP/tech, Stuttgart).
Jern­bro was also advi­sed on the acqui­si­tion by the law firms Wikborg Rein Advo­kat­firma AS and Accura Advo­kat­part­ner­sels­kab. About Gleiss Lutz Gleiss Lutz offers full service at the highest level in offices in Berlin, Frank­furt a. M., Stutt­gart, Munich, Düssel­dorf, Brussels and London.
We aim to be a market leader in every area of law and every sector.
The special plus: our lawy­ers always keep an eye on aspects to the right and left of their own area of law.
If neces­sary, they involve experts from all rele­vant areas in a project on an ad hoc basis.
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