The shareholders of Norline AG have entered into a share purchase agreement regarding the sale of the majority in Norline Group to Argos Wityu, an independent European private equity firm. Norline is the largest provider of outsourcing services in the heating, ventilation, air conditioning and plumbing (HVAC) sector in Switzerland. The transaction will be completed in the upcoming weeks.

Bär & Karrer acts as legal advisor to the sellers in this transaction. The team of Bär & Karrer is being co-led by Christoph Neeracher, Philippe Seiler and Elisabeth Rinderknecht and includes Thomas Rohde, Benjamin Grunwald, Dominique Nguyen and Nick Aschwanden (all M&A), Lukas Rösler (Financing), Susanne Schreiber, Cyrill Diefenbacher, Julian Hodel and Ricardo Marino (all Structuring / Tax), Jonas Bornhauser (IP/IT) and Özden Omürcan (Notarial Services).

For further information please contact:

Media Relations, Eric Stupp

Tel: +41 58 261 50 00

Email: [email protected]

Bär & Karrer is a leading Swiss law firm with more than 200 lawyers, providing customized legal advice in complex transactions and litigation. Clients range from multinational corporations to private individuals in Switzerland and abroad. Bär & Karrer is present with offices in all main language regions in Switzerland and operates globally via an international network of leading law firms. For further information please visit baerkarrer.ch.

Zurich, Switzerland, 13 February 2023