PwC advises EOS Group on sale to the Finnish HARVIA Group
Frankfurt am Main, 8th April, 2020.
A multidisciplinary and international team from the PwC/PwC Legal network provided comprehensive advice to the shareholders of the EOS Group, headquartered in Driedorf (Germany), on the sale of 78.6 percent of the German and 80 percent of the Russian shares to the Finnish HARVIA Group.
EOS Group is a leading brand in the sauna industry, achieving an annual turnover of EUR 17.3 million in the financial year 2019 with 150 employees. EOS Group’s business activities comprise development, production and sale of high-quality electronic sauna heaters and control units for private and commercial sauna facilities. In addition to sauna heaters and control units, EOS Group’s product range also includes infrared technology, steam technology and a wide range of accessories. Production takes place exclusively in Germany.
Advisors to EOS Group
PwC Legal Germany
Peter Holzhäuser (lead); Joy Otto Neugebauer (both Corporate/M&A)
PwC Germany
Iris Selch (Tax), Kerstin Müller (Financial Advice), Patrick Rothacker (Valuation)
PwC Austria
Gregor Zach, Maria Fujkova (both Financial Advice)
About PwC Legal Business Solutions:
In our global, rapidly changing business world, cooperation, restructuring, transactions, financing and social responsibility are topics that increasingly concern our clients. They need legal certainty for a wide range of complex tasks. That is why we advise them holistically and in close cooperation with PwC’s tax, human resources and finance experts and our international legal network in over 100 countries. Whether a globally active company, a public corporation or a wealthy private individual, every client has a personal contact at our firm who supports them responsibly in all matters of commercial law. In this way, we help our clients to secure their economic success in the long term.
PwC Legal Business Solutions in Germany. More than 370 lawyers at 18 locations. Integrated, tech-powered legal advice.
About PwC:
At PwC, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We’re a tech-forward, people-empowered network with more than 370,000 people in 149 countries. Across audit and assurance, tax and legal, deals and consulting we help build, accelerate and sustain momentum. Find out more at www.pwc.com.
In this document, PwC Germany refers to PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, which is a member firm of PricewaterhouseCoopers International Limited (PwCIL). Each member firm of PwCIL is a separate and independent legal entity.
The term PwC refers to the PwC network and/or one or more of the legally independent network companies. Further details can be found at www.pwc.com/structure.
