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We advised Enersense Group Oyj in a corporate transaction

  • Finland

    30-06-2022

    We advised Enersense Group Oyj (listed on Nasdaq Helsinki) in its acquisition of the shares of Voimatel Oy through a share exchange and in a simultaneously carried out directed share issue to the seller, KPY Cooperative. The transaction further includes the target company’s foreign subsidiaries in Sweden and Estonia. The transaction is subject to the approval of, among others, the Finnish Competition and Consumer Authority.

    The turnover of the new entity would be approximately EUR 370 million, and the group would employ approximately 3000 people. Upon completion of the corporate transaction, Voimatel’s data network business will be reported as part of Enersense’s Connectivity segment and the electrical network business as part of the Power segment. The Connectivity segment is involved in all phases of the life cycles of the data networks and following the corporate transaction it will strengthen its position in telecommunications networks. The Power segment is a key player in implementing the energy transition with comprehensive services in electricity transmission and distribution as well as renewable energy projects.

    Our team included Partners Harri Tolppanen, Mika Oksanen, Merja Blankenstein, Olli Iirola, Henri Steiner, Kaija Pulkkinen, Olli Hyvönen and Tiina Ashorn, Specialist Counsels Jarkko Hankaa, Anne Björklund, Kalle Klemetti and Mika Backman, Senior Associates Miika Huhtinen and Linda Miettinen and Associate Else Leppänen.

    Enersense International Plc is a provider of zero-emission energy solutions and strongly involved in supporting the current energy revolution and creating a zero-emission society. In 2021, the turnover of the Enersense Group was approximately EUR 239 million. The company employs a total of approximately 2000 people and operates in Finland and internationally in about 40 countries. Enersense’s share is listed on Nasdaq Helsinki (ESENSE).

    Read more in:

    Enersense’s stock exchange release

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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