Efore has successfully completed the acquisition of Powernet
Evli Corporate Finance advised Efore on the acquisition of Powernet from Verdane. Efore is an international group which develops and produces power supplies for demanding environments. In 2017, consolidated net sales totaled EUR 69.9 million and the group's personnel averaged 432. Efore's shares are listed on Nasdaq Helsinki Stock Exchange. Powernet is a company specialized in development and manufacture of customer specific power supplies and systems. The acquisition further strengthens Efore's excellent technical know-how and broadens as well as internationalizes Efore's customer base.
Evli Corporate Finance AB
Evli has been providing corporate finance services since 1997. Today Evli has around 20 professionals at our Helsinki and Stockholm office, supported by a network of more than 20 senior advisors with previous top management experience from a range of industries. We advise our clients on mergers and acquisitions, disposals, leveraged buy-outs, joint ventures and various capital market transactions including public and private fund raisings. We are generalists in terms of industries that we work with, but have a dedicated healthcare team and have significant experience from transactions in the following sectors: mining, raw materials, consumer goods & retail, TMT, building / building products, and real estate. Our clients are typically companies, private and public, and their owners as well as institutional investors and private equity companies active or interested in the Nordic countries. Since 2007 we have advised on more than 150 transactions with a combined value of over € 10 billion.