Greengray strengthens market position with Eletroclima acquisition
Deal News | Dec 30, 2024 | Iberian Lawyer
Dower Law Firm has successfully advised the Greengray Group on its acquisition of Eletroclima, a leading player in Portugal's HVAC sector with over 45 years of experience in selling, installing, and maintaining heating, ventilation, and air conditioning systems. Greengray, known for its diverse presence in industries like metal treatment, engineering, and telecommunications, aims to leverage Eletroclima's expertise to strengthen its market position in Portugal. The acquisition represents a strategic milestone for Greengray, promising significant synergies and growth for Eletroclima, while also expanding their portfolio to meet the increasing demand for energy-efficient building solutions. The deal was led by Dower's managing partner, Eduardo Castro Marques, with support from coordinating associate Claudia Rodrigues de Carvalho.
Sectors
- HVAC
- Construction
- Law Firm
Geography
- Portugal – The activities and companies involved are based in Portugal, and the market focus of the acquisition is aimed at strengthening the position within this geography.
Industry
- HVAC – The article discusses Eletroclima, a major player in the HVAC sector, specializing in heating, ventilation, and air conditioning systems, making this industry classification relevant.
- Construction – Greengray Group's involvement in the construction sector is highlighted in the article as it aims to enhance market position and technical capacity in sustainable construction.
- Law Firm – Dower Law Firm's role in advising Greengray on the acquisition makes this classification relevant, covering legal advisory services involved in M&A transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Greengray Group | Buyer | Company | A diverse group engaged in sectors such as metal treatment, engineering, and telecommunications, aiming to strengthen its position in the Portuguese market through this acquisition. |
| Eletroclima | Target | Company | A leading company in Portugal's HVAC sector with over 45 years of experience, dealing in the sale, installation, and maintenance of HVAC systems. |
| Dower Law Firm | Legal Advisor | Company | Legal firm advising Greengray Group on the acquisition, led by managing partner Eduardo Castro Marques. |
| Eduardo Castro Marques | Managing Partner | People | Managing Partner at Dower Law Firm, leading the legal advisory team for this acquisition. |
| Claudia Rodrigues de Carvalho | Coordinating Associate | People | Coordinating associate at Dower Law Firm, supporting the team on the acquisition. |