News about LOGSTOR's acquisition of Powerpipe Systems

Further to the favorable judgment issued by the Stockholm City Court on 4 August 2016, regarding the acquisition by LOGSTOR of Powerpipe Systems, a Swedish-based leading provider of pre-insulated pipe systems, the Swedish Competition Authority (SCA) has now decided to file an appeal with the Patent and Market Court of Appeal, Sweden. The legal proceedings will last for a maximum of 3 months. LOGSTOR will actively participate in those proceedings based on the favourable judgment handed over by the Stockholm City Court. This is a standard procedure in a merger approval process.