Public offer for Tekla Corporation (FI) by Trimble Navigation Limited (US) — EUR 340 million

Carnegie was engaged to produce a fairness opinion to the Board of Directors of Tekla Corporation, in respect of the public offer from Trimble Navigation Limited. The Board of Tekla advised shareholders to accept the offer. Tekla Corporation is a Finnish software company offering model-based software products for building and construction, energy distribution and infrastructure management.May, 2011.