Hansab Group Broadens Horizons with C2 SmartLight Acquisition
Deal News | Jun 03, 2025 | CEE Legal Matters
Hansab Group, a company with over three decades of expertise in automation, security, and digital services, has made a strategic acquisition in the smart lighting sector by purchasing a majority stake in Finland's C2 SmartLight. C2 SmartLight, over 20 years old and specializing in IoT-based, energy-efficient lighting solutions for various public domains, serves a significant portion of Finland's population. The acquisition was advised by legal firm Cobalt, with Partner Jesse Kivisaari, Senior Associate Liina Saaremets, and Junior Associate Ken Saksniit being involved. This move allows Hansab Group to diversify its offerings and enter the growing smart lighting industry. The article mentions prior advice by Cobalt on deals involving Hansab, including BaltCap's acquisition of Hansab and the sale of Hansab's stake in Moya.
Sectors
- Smart Lighting
- Legal Advisory
- Automation and Security Services
Geography
- Finland – The target company, C2 SmartLight, is based in Finland and serves a large portion of the Finnish population.
- Baltic Region – Hansab Group and its legal advisor, Cobalt, are based in the Baltic region.
Industry
- Smart Lighting – The article focuses on the acquisition involving a company that provides IoT-based, energy-efficient lighting solutions for various public infrastructures.
- Legal Advisory – Cobalt, a legal advisory firm, played a crucial role in advising Hansab Group on the acquisition transaction.
- Automation and Security Services – Hansab Group's existing business segments are relevant to this industry classification.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hansab Group | Bidding Company | Company | A company with over 30 years of expertise in automation, security, and digital services. |
| C2 SmartLight | Target Company | Company | A Finnish company providing IoT-based, energy-efficient lighting control systems. |
| Cobalt | Legal Advisor | Company | A legal firm advising Hansab Group on the acquisition of C2 SmartLight. |
| Jesse Kivisaari | Partner | Person | Cobalt's partner involved in advising on the transaction. |
| Liina Saaremets | Senior Associate | Person | Cobalt's Senior Associate involved in advising on the transaction. |
| Ken Saksniit | Junior Associate | Person | Cobalt's Junior Associate involved in advising on the transaction. |