Green Landscaping Group AB (publ) (OM:GREEN) agreed to acquire Schmitt & Scalzo Gmbh Garten- Und Landschaftsbau for €3.8 million on May 17, 2023. The acquisition is financed within existing credit facilities and through a non-cash issue of shares in Green Landscaping Group. The board of Green Landscaping has approved issue of 612,558 shares in Green Landscaping to sellers of Schmitt & Scalzo. Schmitt & Scalzo has reported sales of approximately €13 million in 2022.

Green Landscaping Group AB (publ) (OM:GREEN) completed the acquisition of Schmitt & Scalzo Gmbh Garten- Und Landschaftsbau on June 13, 2023. Sandro Schwenke, Steffen Eube and Matthias Meyer of BDO AG Wirtschaftsprüfungsgesellschaft acted as legal advisor to Green Landscaping Group AB.