April 11, 2025
Together with Cripps we recently advised Swedish-based KAMIC Group on the successful acquisition of Elsteel Group, a global manufacturer of modular and customised steel enclosures for low-voltage switchgear.
With operations across Denmark, Poland, Sri Lanka and India and annual revenues exceeding Eur 30 million, Elsteel will join KAMIC Group’s Installation business area as an independent company. The cross-border deal involved complex multi-jurisdictional financial, tax and legal due diligence, as well as a voluntary notification under the UK National Security and Investment Act.
Per Lindblad, Head of M&A at KAMIC Group, commented:
“It has been a true pleasure working with the teams at Cripps and Menzies again. Their expertise and seamless project management across multiple jurisdictions was invaluable in getting this deal over the line. Their pragmatic and solutions-focused approach meant we could navigate the complexities of this transaction with confidence. We look forward to working together on future opportunities.”
Our corporate team advised on the due diligence of the Polish company and on the completion process, working closely with Cripps and other local counsel on this complex deal. The Woźniak Legal team advising on the transaction included Grzegorz E. Woźniak, Grzegorz Dudek, Anna Kapusta and Maciej Chorosiński.
With operations across Denmark, Poland, Sri Lanka and India and annual revenues exceeding Eur 30 million, Elsteel will join KAMIC Group’s Installation business area as an independent company. The cross-border deal involved complex multi-jurisdictional financial, tax and legal due diligence, as well as a voluntary notification under the UK National Security and Investment Act.
Per Lindblad, Head of M&A at KAMIC Group, commented:
“It has been a true pleasure working with the teams at Cripps and Menzies again. Their expertise and seamless project management across multiple jurisdictions was invaluable in getting this deal over the line. Their pragmatic and solutions-focused approach meant we could navigate the complexities of this transaction with confidence. We look forward to working together on future opportunities.”
Our corporate team advised on the due diligence of the Polish company and on the completion process, working closely with Cripps and other local counsel on this complex deal. The Woźniak Legal team advising on the transaction included Grzegorz E. Woźniak, Grzegorz Dudek, Anna Kapusta and Maciej Chorosiński.
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