Clearwater International Denmark advises P.A.P on its cross-border sale to ÅF

Clearwater International Denmark acted as financial adviser to P.A.P, a Danish engineering and consultancy company, on its sale to Sweden-based ÅF, an engineering and design company within the fields of energy, industry and infrastructure.

Founded in 1906, P.A.P has expertise in electrical power, covering all parts of the value chain from production to transmission and distribution. The business provides advisory, technical and administrative engineering services in several business segments including substations, renewables and heat & power.

P.A.P primarily operates within the Danish market, including the Faroe Islands and Greenland, with its operations based in Copenhagen, Aalborg and Aarhus.