DOVISTA A/S agreed to acquire Webcom Management Holding GmbH from Arbonia AG (SWX:ARBN) for approximately CHF 350 million on January 4, 2021. Transaction was entered post Arbonia decided to accept an offer from DOVISTA A/S for Webcom. Consideration includes assumption of financial debt by DOVISTA. The existing brands Dobroplast, EgoKiefer, Slovaktual, and Wertbau are leading window brands and will be retained and expanded further by Arbonia. The employment contracts of the approximately 2500 employees will be transferred unchanged. The transaction is subject to the required approval by the responsible competition authorities. The closing of the transaction is expected in the second quarter of 2021. The proceeds of the sale are to be used to develop the remaining divisions of Arbonia strategically further and to substantially strengthen them both organically and through acquisitions. Alexander Fischer, Matthias Courvoisier, Boris Wenger, Peter Reinert, Petra Hanselmann, Samuel Jonas Marbacher, Alexander Blaeser, Nikolaus Reinhuber, Katja Häferer, Andreas Schulz, Tomáš Skoumal, Tomasz Krzyzowski, Piotr Wysocki, Mikolaj Piaskowski and Michal Lisawa of Baker & McKenzie acted as legal advisors to Arbonia AG. Markus Vischer and Reto Jacobs of Walder Wyss acted as legal advisors to Dovista.

DOVISTA A/S completed the acquisition of Webcom Management Holding GmbH from Arbonia AG (SWX:ARBN) on August 31, 2021. All relevant competition authorities approved the transaction.