DLA Piper advised Sito and its shareholders on its sale to Wise Group, a portfolio company of Intera Partners, the Finnish private equity sponsor. The new entity, employing nearly 1100 professionals, will be the largest Finnish-owned company in house building and infrastructure construction design and consultancy. In 2017, the combined turnover is expected to exceed 100 million euros. The company has plans to expand in the Nordics and hire 100 to 130 new employees per year.

Sito is a multitalented company in the field of infrastructure, traffic solutions, land use, environment and digital services. The company has grown from a traditional engineering office into a multitalented service company during its 40-year history.

Wise Group is a Finnish house construction expert providing consultancy, design and construction contracting services for construction and renovation projects. Today, the company is one of the top five expert service providers in the Finnish building sector.

The transaction is expected to close in March – April 2017.

The DLA Piper team was led by corporate partner Ilkka Liljeroos who was primarily assisted by senior associate Josefin Strömberg. Tax counsel Jaakko Klemettilä advised on tax matters.