Setterwalls advises Catena AB in the acquisition of Bockasjö AB

Catena Logistik AB, a subsidiary of Catena AB, enters into an agreement to acquire Bockasjö AB.

The acquisition takes place against the backdrop of Catena’s growth plans and large existing land bank, with construction about to begin in several locations. Since 2004 Bockasjö has constructed around 35 large logistic properties with a total area exceeding 1 million square meters.

Those selling the shares in Bockasjö AB are Bockasjö Capital AB with 34 percent, owned 100 percent by Joakim Hedin; Frankenius Equity AB with 34 percent, owned 100 procent by Paul Frankenius; and senior executives who own 32 percent of the shares. The purchase price amounts to SEK 462 million before any additional considerations of which SEK 125 million will be paid via newly issued Catena shares. Closing of the acquisition is estimated to take place in October 2023.