Sunningdale acquires ATEC of Sweden
Sunningdale Tech Ltd is a leading manufacturer of precision plastic components and is listed on the Main Board of the Singapore Exchange. Sunningdale Tech has more than 7,000 employees and operates across five countries. Sunningdale has through its subsidiary Sunningdale Tech (Europe) Holding Pte. Ltd. acquired ATEC of Sweden AB and Latvian AS ATEC from Plasticscommerce Pte Ltd.
ATEC of Sweden AB is a major provider of plastic injection moulding solutions for production of plastic articles for the retail industry in Scandinavia.
Sunningdale was advised by Mannheimer Swartling as local counsel in the transaction. The firm’s team was led by Fredrik Andretzky, Stockholm and Ulf Ohrling, Hong Kong, primarily assisted by Elisabet Dahlman Löfgren. Other members of the team included Richard Edström, Sam Seddigh and Evelina Anttila.