Schoenherr Advises Caverion on Sale of Czech Subsidiary to CEZ Group

Schoenherr Advises Caverion on Sale of Czech Subsidiary to CEZ Group

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Schoenherr Prague has advised Finland's Caverion Emerging Markets Oy on the disposal of its Czech subsidiary, Caverion Ceska Republika s.r.o., to KART spol. s r.o., a member of the CEZ Group. The Nemec, Blaha & Navratilova law firm reportedly advised KART on the deal.

Caverion provides smart technical solutions and services for buildings, industrial processes, and infrastructure. The company operates in 12 countries in Central Europe, Scandinavia, the Baltics, and Russia. Established in 1991, the company's Czech subsidiary provides services mainly in the building maintenance sector, covering design, projects, supply and installation of technical solutions for buildings, including their maintenance and final removal.

KART spol. s r. o., part of the CEZ Group, was established in 1992 and provides operations and services for building technical equipment. It also supplies and installs air-conditioning, heating, and cooling equipment, measurement and control systems, and high-voltage appliances and distribution systems. In addition, it designs and inspects electrical equipment, pressure vessels, and boiler rooms.

The Schoenherr team was led by Partner Vladimir Cizek, supported by Attorney-at-Law Jitka Kadlcikova.