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Litostroj Power Sold to Czech Firm Energo-Pro using iDeals™ Virtual Data Room

April 25, 2014


The struggling automotive group Cimos officially sold the Ljubljana-based hydro turbine manufacturer, the Litostroj Power to Czech company Energo-Pro for EUR 21.4m. [1]

As a tool for secure exchange of documents in the implementation of this transaction, the parties used the iDeals™ Virtual Data Room.

The LITOSTROJ POWER Company is involved in designing and manufacturing power generation and industrial equipment as well as hydroelectric power plant engineering. In particular, the product range consists of water turbines, hydro mechanical equipment and pumps for new or refurbished hydroelectric power plants or pump stations, as well as industrial equipment.

ENERGO-PRO is an independent power producer engaged in the generation, delivery and trading of electricity from renewable energy sources. The Company is specialized in hydro power sector, building and operating hydro power plants and electricity infrastructure in Central and Eastern Europe.

[1] http://www.investslovenia.org/info/news-media/latest/n/litostroj-power-sold-to-czech-firm-energo-pro-for-eur-21m-3707/


iDeals™ Solutions has been a provider of secure document management services to the investment, legal and life sciences sectors since 2008. Our flagship product is iDeals™ VDR, a next-generation application that is utilized by companies and leading advisors in over 30 countries around the world.

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