RASK advised Airwave on the sale of a majority stake to Beijer Ref
Case
RASK attorneys-at-law Timo Kullerkupp and Karl-Kristjan Kahm, in cooperation with financial advisor Superia, advised Airwave, the leading HVAC equipment distributor in the Baltics, on the sale of an 80% majority stake to the international technology and HVAC group Beijer Ref.
Established in 1999, Airwave is a leading provider of HVAC solutions in the Baltics, headquartered in Tallinn with sales offices in Riga and Vilnius. The company has an annual turnover of more than EUR 50 million, offering a wide range of high-quality heating, ventilation and cooling technologies for both residential and commercial clients.
The completion of the transaction is subject to approval by the Estonian Competition Authority. The buyer was legally advised by Ellex.
Established in 1999, Airwave is a leading provider of HVAC solutions in the Baltics, headquartered in Tallinn with sales offices in Riga and Vilnius. The company has an annual turnover of more than EUR 50 million, offering a wide range of high-quality heating, ventilation and cooling technologies for both residential and commercial clients.
The completion of the transaction is subject to approval by the Estonian Competition Authority. The buyer was legally advised by Ellex.