Cirio advises Vestum AB (publ) in the acquisition of Markax AB and the sister company Redditum AB (“Markax”)

Cirio has advised Vestum AB (publ) in the acquisition of Markax AB and the sister company Redditum AB (“Markax”).

Markax was founded in 2014 and performs construction works regarding water and sewerage, district heating, ground- and construction services as well as asphalt paving, primarily in the Stockholm and Gävleborg regions. Redditum AB owns the machines that Markax uses in its assignments. Markax has 56 employees and is headquartered in Gävle.

The purchase price will partly be financed through payment in reverse, which will then be set off against shares in Vestum AB (publ) through offset issues.

Cirio’s team consisted of partner Anders Moberg assisted by associate Julia Wegelius.

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