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 Germany:
Our clients face diverse challenges, strive to put new ideas into practice and seek expert advice. They turn to us for comprehensive support and practical solutions that deliver maximum value. Whether for a global player, a family business or a public institution, we leverage all of our assets: experience, industry knowledge, high standards of quality, commitment to innovation and the resources of our expert network in 149 countries. Building a trusting and cooperative relationship with our clients is particularly important to us – the better we know and understand our clients’ needs, the more effectively we can support them.
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