PwC advises EOS Group on sale to the Finnish HARVIA Group

April 8, 2020

Frankfurt am Main, 8th April, 2020.

A multidisciplinary and international team from the PwC/PwC Legal network provided comprehensive advice to the shareholders of the EOS Group, headquartered in Driedorf (Germany), on the sale of 78.6 percent of the German and 80 percent of the Russian shares to the Finnish HARVIA Group.

EOS Group is a leading brand in the sauna industry, achieving an annual turnover of EUR 17.3 million in the financial year 2019 with 150 employees. EOS Group’s business activities comprise development, production and sale of high-quality electronic sauna heaters and control units for private and commercial sauna facilities. In addition to sauna heaters and control units, EOS Group’s product range also includes infrared technology, steam technology and a wide range of accessories.  Production takes place exclusively in Germany.

Advisors to EOS Group

PwC Legal Germany

Peter Holzhäuser (lead); Joy Otto Neugebauer (both Corporate/M&A)

PwC Germany

Iris Selch (Tax), Kerstin Müller (Financial Advice), Patrick Rothacker (Valuation)

PwC Austria

Gregor Zach, Maria Fujkova (both Financial Advice)

For further information please contact:

Martin Krause
PwC Communications
Tel.: (0211) 981 – 16 57
Write an E-Mail

About PwC Legal:

In today’s rapidly evolving marketplace, our clients are increasingly concerned with business collaborations, restructuring, mergers and acquisitions, financing and questions of social responsibility. They need legal security when dealing with such complex issues. That is why we work closely with PwC’s tax, human resources and finance experts and draw on the resources of our legal network in more than 100 countries to deliver comprehensive advice. Whether a global player, a public body or a wealthy individual, each client can rely on a personal account manager to address his or her specific legal needs. This dedication helps us ensure our clients’ long-term business success.

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About PwC:

The common purpose of PwC is to build trust in society and solve important problems. With a network of firms in 157 countries, more than 276,000 people are committed to providing high-value sector-specific services in the fields of Auditing, Tax- and Business Consulting. The brand name, PwC, refers to the PwC network and/ or to one or several of its member firms, each of which is a separate legal entity. Further details under www.pwc.com/structure.

Contributors

Joy Otto Neugebauer

Financial Services

Tel: +49 69 95853653