Meriaura Group Plans Acquisition of Summa Defence
Deal News | Mar 31, 2025 | EIN
Meriaura Group Plc has announced its acquisition of Summa Defence Oy through a share exchange agreement, which was initially signed on January 29, 2025. The acquisition strategy involves merging Meriaura’s Marine Logistics with Summa Defence to create a company specializing in safety, security of supply, and dual-use technology in Finland. As part of this deal, Meriaura's Marine Logistics business will be sold to Meriaura Invest Oy, with the new entity being named Summa Defence Plc. The transaction values Summa Defence at EUR 187.7 million, with expected capital inputs elevating to EUR 28.15 million. Meriaura will issue new shares to Summa Defence shareholders, who will hold approximately 88.2% of the new company, compared to Meriaura's existing shareholders' 11.8%. Additional earn-out payments possible until 2028 could further adjust shareholdings. Meriaura Group affirms its strong working capital position and financial preparedness, providing a pro forma financial statement and auditor-certified report.
Sectors
- Defence and Security
- Marine Logistics
- Renewable Energy
Geography
- Finland – Both Meriaura Group and Summa Defence are Finnish companies; the acquisition will enhance their presence in Finland.
- Northern Europe – Meriaura’s Marine Logistics serves Northern Europe, adding a broader geographical importance to the transaction.
Industry
- Defence and Security – The acquisition involves Summa Defence Oy, which is focused on defence and security solutions.
- Marine Logistics – Meriaura Group’s Marine Logistics business is involved in the transaction and will be sold off as part of the merger strategy.
- Renewable Energy – Meriaura Group is also engaged in Renewable Energy, which remains a core part of its business after the transaction.
Financials
- EUR 187.7 million – The valuation of Summa Defence Oy as part of the acquisition.
- EUR 28.15 million – The total amount of investments to be raised into Summa Defence Oy.
- EUR 75.4 million – Maximum aggregate earn-out liabilities to be transferred to Meriaura Group Plc under the transaction agreements.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Meriaura Group Plc | Bidding Company/Buyer | Company | Meriaura Group Plc, focused on Marine Logistics and Renewable Energy, is acquiring Summa Defence Oy. |
| Summa Defence Oy | Target Company | Company | Summa Defence is a company involved in defence and security operations, set to be acquired by Meriaura Group. |
| Meriaura Oy | Divested Business | Company | Part of Meriaura Group, focused on Marine Logistics, to be sold to Meriaura Invest as part of the transaction. |
| Jussi Mälkiä | CEO of Meriaura | Person | Jussi Mälkiä is the CEO of Meriaura Group Plc. |