Assisting Ascalon Holding GmbH in acquiring 47% ownership in Scancerco Oy

18.12.2017 Assisting Ascalon Holding GmbH in acquiring 47% ownership in Scancerco Oy

TGS Baltic’s M&A team led by associate partner Kadri Kallas assisted Austrian headquartered Ascalon Holding GmbH in acquiring a 47% ownership in Finnish Scancerco Oy, a wholesale company for door, window and building industry. The existing shareholders will keep the majority shareholding in Scancerco Oy.

Ascalon Holding GmbH is a holding company and the majority shareholder of VBH, the international market leader in the industry and the German company ESCO Metallbausysteme GmbH. VBH has been a long-standing partner for Scancerco and its subsidiary companies. Ascalon aims to further develop Scancerco’s custom-oriented specialist and service company with close and good cooperation with customers, staff and principals. Ascalon’s involvement helps to grow supplier contacts, enabling customers a wider range of products and brings logistic benefits as well.

On the same topic

Scancerco’s press release: Ownership change at Scancerco Oy