Eversheds Sutherland advised Suomen Lämpöpuu Oy’s shareholders in a corporate transaction in which the Estonian Ha Serv Oü acquired a majority of the shares of Suomen Lämpöpuu Oy (SLP).

The transaction was effected through share exchange, and Suomen Lämpöpuu Oy simultaneously became Ha Serv Oü’s subsidiary. The transaction boosts SLP’s growth and paves the way for new innovations. In the future, SLP will be able to offer a larger selection of products and larger capacity. The combined turnover of SLP and Ha Serv is almost EUR 30 million.

Suomen Lämpöpuu Oy is one of the world’s leading producers of thermo-treated wood products. The company’s main product groups are exterior cladding and terrace construction.

Ha Serv OÜ is a wood processing company whose main product groups are planed timber, finished saunas and thermo-treated wood.