12/02/2015

Krogerus advises Tremoko on its public takeover bid for Ixonos

Krogerus is advising Tremoko Oy Ab, a limited liability company in private Finnish ownership, on its takeover bid of all of the outstanding shares of Ixonos Plc listed on Nasdaq Helsinki to be launched around 2 March 2015.

Ixonos is a Finnish mobile solutions company that develops wireless technologies, software and solutions for connected devices and mobile services.

The transaction involves Tremoko’s recent purchase of Ixonos shares from Turret Oy Ab and Holdix Oy Ab and a directed share issue by Ixonos to Tremoko, resulting in Tremoko’s ownership in Ixonos rising to altogether 71.8% of all of Ixonos’ shares and votes. As a result of the acquisitions of Ixonos shares, Tremoko is obliged to launch a public takeover bid for all other shares and securities entitling to shares issued by Ixonos.

The Krogerus team is being led by partner Tom Fagernäs. He is primarily assisted by associates Paul Raade and Antti Luhtala.

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