SIMONA Aktiengesellschaft (DB:SIM) agreed to acquire a 74.93% stake in Stadpipe AS from Sjåstad brothers on June 4, 2020. The management team and all the employees of Stadpipe will join SIMONA post the completion of the transaction. The transaction is expected to close on June 30, 2020. Leif Larsen and Karl-Børre Gilje of Synergos A/S and Dennis Magath, Andreas Hüchting, Christian Hörner and Tilman Eckstein of Translink acted as the financial advisors to the shareholders of Stadpipe. SIMONA Aktiengesellschaft (DB:SIM) completed the acquisition of a 74.93% stake in Stadpipe AS from Sjåstad brothers for €6.2 million on July 3, 2020. The consideration was paid full in cash. The payment for the acquisition less net cash acquired and plus repaid bank loans amounts to €6.15 million.