Background
Karis Telefon has been serving consumers, businesses, and operators in the Raseborg region for over a hundred years. Over the years, the company has developed and expanded its range of services, particularly for its business customers.
Recognising the opportunity to acquire EKM Service, Karis Telefon viewed this as an excellent way to strengthen its position as a leading local provider in the ICT sector. EKM Service, which had already been a partner for many years, provided an excellent complement to Karis Telefon, and many users were already accustomed to a combination of services from both companies. The deal created synergies, ensured that EKM remained in local ownership, and guaranteed a broader range of ICT services for both corporate and private customers in the region.
MK-Law’s role in the transaction
The acquisition was finalised within a relatively short timeframe, requiring prompt and efficient handling of the legal requirements. With the seller represented by an external consultant and the transaction demanding formal and carefully crafted agreements, the need for comprehensive legal guidance became apparent. Karis Telefon engaged MK-Law as its legal adviser, leveraging the firm’s strong local presence and deep understanding of the regional business environment to provide tailored and effective legal support throughout the process.
Flexibility and quickness
Patrik Gustafsson, CEO of Karis Telefon, highlighted MK-Law’s ability to combine flexibility with efficiency. “MK-Law demonstrated exceptional professionalism throughout the transaction. Their streamlined and transparent processes allowed us to promptly address our questions and complete the acquisition without any unnecessary delays.”
Gustafsson further underscores the critical importance of efficiently managing a comprehensive business acquisition, especially when it significantly impacts daily operations. “Integrating a project of this scale alongside other ongoing responsibilities requires swift and precise communication. Having an adviser like MK-Law, who thoroughly understands our needs and can expedite the process, is invaluable.”
Gustafsson’s tips for those considering business acquisitions
Having successfully completed the acquisition, Karis Telefon now anticipates an exciting future for its operations. Reflecting on the process, Gustafsson underscores the importance of engaging the right legal adviser. “Efficiency is paramount. Involve your legal adviser at an early stage and ensure they possess the expertise to focus on the most relevant matters. MK-Law provided highly effective templates for the required agreements, significantly optimising the use of time. We had complete confidence that all legal aspects were managed with precision. I strongly recommend MK-Law for a successful acquisition process.”
