July 2025 – Kinstellar is pleased to announce that our team has assisted Altebra on its merger with Pyronova Group—forming a new European leader in active fire protection under the name "Altenova".
Pyronova Group is an international fire protection company headquartered in Bratislava, Slovakia. The transaction involves Pyronova and its subsidiaries in the Czech Republic, Hungary, Romania, Serbia, Slovakia, Germany and Ukraine, marking a significant milestone in Altebra Group's strategic expansion across Central and Eastern Europe. Pyronova is a well-established supplier of innovative fire safety solutions, with a strong regional presence.
Altebra Group is a market leader in active fire protection with operations across Belgium, the Netherlands, France, and Scandinavia. The company delivers a comprehensive range of active fire protection services and solutions to industrial clients throughout Europe.
Kinstellar's Bucharest and Bratislava offices jointly coordinated the project, with the Bucharest office leading the due diligence across all involved jurisdictions, as well as the regulatory analysis and related filings, while the Bratislava office led the team's efforts on the SPA and closing phases of the transaction.
The deal teams were co-led by Zsuzsa Csiki (Partner, Co-head of Corporate M&A in Bucharest) and Mihai Stan (Managing Associate) from Romania, and Viliam Myaička, (Managing Partner, Bratislava), and Dominika Bajzáthová (Counsel) from Slovakia.
Wider local teams included:
- in Romania: Catalin Graure, Cosmin Vasilescu, Teodor Lupu, Dana Sarbu, Andrada Popescu, Cristina Costin, Andreea Vladareanu;
- in Slovakia: Livia Miklenčičová, and Laura Bugajová;
- in the Czech Republic: Paul Válka, Lucie Kunclová and Anna Marciano;
- in Hungary: Kármen Csenge Koller, Gergely Simon Lipták, Zsófia Dóra Kovács, Orsolya Staniszewski and Gábor Gelencsér;
- in Serbia: Mina Srećković, Jelisaveta Folić and Olga Sipka;
- in Ukraine: Olena Kuchynska and Oleksandra Putiienko.