News about LOGSTOR's acquisition of Powerpipe Systems

Further to the favorable and final judgment issued by the Patent and Market Court of Appeal, Sweden on 24 November 2016, regarding the acquisition by LOGSTOR of Powerpipe Systems, a Swedish-based leading provider of pre-insulated pipe systems, the transaction has now been fully cleared by the relevant authorities. We are pleased with the Court of Appeal’s decision and will now complete all formalities between Seller and Buyer to execute the transaction as soon as practical. We will inform customers, suppliers and employees accordingly when final closing has been completed.