Implenia AG (SWX:IMPN) signed an agreement to acquire Wincasa AG from Swiss Prime Site AG (SWX:SPSN) on March 29, 2023. Implenia will acquire Wincasa for an enterprise value of CHF 235 million. The purchase price of CHF 171.6 million is being paid out of Implenia?s own liquidity from profitable business activities. Wincasa AG generated CHF 159 million revenue for the year ended 2022. The transaction is subjected to regulatory approval. The transaction is expected to close during the second quarter of 2023. Wincasa will be managed as an independent business unit within Division Buildings, and its brand will be retained. Wincasa?s operations will continue to be run within Implenia by the existing management team. Marcel Dietrich and Daniel Häusermann Homburger AG acted as legal advisor to Implenia AG. Stephan Erni of Lenz & Staehelin acted as legal advisor to Swiss Prime Site AG. Morgan Stanley & Co. LLC acted as financial advisor to Swiss Prime Site AG. As of May 5, 2023, regulatory approval was received without any conditions and Oliver Hofmann, CEO Wincasa, has left the Executive Board of Swiss Prime Site. Thomas Bagley of BearingPoint Capital acted as Buy-side technology due diligence provider.

Implenia AG (SWX:IMPN) completed the acquisition of Wincasa AG from Swiss Prime Site AG (SWX:SPSN) on May 4, 2023.