Ellex Raidla has advised Ramboll Finland Oy on divestment of its shareholding in Ramboll Environment OU to Eurofins Scientific, made as part of a global transaction between the two companies involving the sale of Ramboll Finland's food and environment testing business.
According to Ellex Raidla, "Ramboll has built a clear market leadership in Finland throughout its 100-year history, offering the widest range of analytical services for environment testing. Its laboratories serve industrial companies, public municipalities as well as consulting companies. The company employs 109 staff across four laboratories in the southern region around Helsinki, as well as at a satellite laboratory in Tallinn, Estonia."
Lone Clowes, Regional Director at Ramboll Environment & Health, noted that: “While Ramboll Analytics has a strong foothold on the Finnish market, it is a very specialized service requiring dedicated development and investment strategies. We believe that the analytics business will have the best development opportunities in a company that is fully focused on the laboratory sector.”
The Ellex Raidla team was led by Partner Sven Papp, supported by Senior Associate Gerda Liik.
Ellex Raidla did not reply to our inquiry about counsel for the buyers.