Announced

Completed

Hansab Group completed the acquisition of the majority stake in C2 Smartlight.

Synopsis

Hansab Group, a technology solutions provider based in the Baltics, completed the acquisition of the majority stake in C2 SmartLight, a Finnish smart lighting company specializing in intelligent public lighting systems. Financial terms were not disclosed. "We were looking for a partner with innovative, unique solutions, a stable customer base, and deep technical knowledge.C2 SmartLight fits our vision perfectly. We are not only entering the Finnish market together with a strong local partner but also creating new opportunities to expand C2's cutting-edge solutions across the Baltics and further into Europe. Given the tailwind provided by Europe’s transition to green energy, we are facing an excellent business opportunity." Janno Kallikorm, Hansab Group CEO.

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MergerLinks - Hansab Group completed the acquisition of the majority stake in C2 Smartlight.