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July 8, 2021

The Finadvice Group is pleased to announce that yesterday the Norwegian public company Volue ASA (OB:VOLUE) entered into an agreement to acquire 100% of ProCom GmbH with its main seat of operations in Aachen, Germany. The transaction entails the spin-off of ProCom’s Automation business, whose interest will be entirely retained by ProCom’s sole shareholder Arbel GmbH, the family holding company of Dr. Max Scheidt, and the resulting sale of ProCom’s Energy business unit. The transaction is expected to close in September 2021 subject to certain conditions as agreed between the parties.

A Finadvice team led by Dr. Pier Paolo Raimondi and subsequently joined by Hans Poser, acted as exclusive financial adviser to ProCom.

Upon signing, Dr. Scheidt remarked: “We are glad to have signed this agreement with an industry leader like Volue which will further strengthen the Energy business unit as a provider of choice for sustainable technology solutions in the energy sector, while allowing Arbel to focus on the Automation business, in which we have more than forty years of experience. I am extremely thankful to the Finadvice team for the professional and intense support in the structuring and execution of this transformational deal for us.”

Dr. Raimondi added: “This transaction is a textbook example of Finadvice’s tailored and patient approach to M&A, based on a 360-degree assessment of the hard and soft matters revolving around a delicate M&A situation. Our warm congratulations to Dr. Scheidt and his team on the brilliant outcome (and our sincere wishes for great success with the Automation business!) as well as to Volue on its new strategic move in the Continental European market.”