Setterwalls has assisted Pegroco Invest AB in connection with its acquisition of shares in Geogruppen i Göteborg AB

Setterwalls has assisted Pegroco Invest AB (“Pegroco”) in connection with its acquisition of the majority of shares in Geogruppen i Göteborg AB.

Geogruppen i Göteborg AB was founded in 2006 and has an annual turnover of approximately SEK 50 million. The company has 27 employees and provides services in five main business areas: geotechnics, nuclear drilling, energy and water, construction and environmental engineering. The company’s headquarters is located in Gothenburg but the company offers its services throughout the entire Nordic region. A large part of the business is however concentrated to the Swedish Västra Götaland region, spread over a large number of customers. Through the acquisition, Pegroco becomes the majority shareholder with 65.7% of the shares in Geogruppen Holding AB, which in turn owns 100% of Geogruppen i Göteborg AB. The founder and the majority of the former shareholders remain significant shareholders in the company.

Setterwalls has acted as legal counsel for Pegroco throughout the entire transaction process.