Setterwalls advisor to Hong Kong-based HF Overseas Co Ltd in the acquisition of the majority shares in Leax Group AB

Setterwalls has assisted the Hong Kong-based investment company HF Overseas Co Ltd in the acquisition of the majority of the shares in Leax Group’s telecom-related operations in Sweden, India and Hungary.

Setterwalls has advised to HF Overseas Co Ltd in the acquisition of the majority of the shares in Leax Group’s telecom-related operations, including Arkivator Telecom Holding AB and its subsidiaries Leax Arkivator Telecom AB, Arkivator Telecom Hungary and Leax India. In the first quarter of 2017, these operations had revenues of EUR 8 million. HF Overseas is a Hong Kong-based company that invests in rapidly growing telecom-related business operations. Leax Group has Swedish operations in Köping, Falun, Falköping, Tidaholm and Gothenburg. Leax Group has about 1,200 employees, of which 460 are in Sweden.