Ellex Valiunas, working alongside Norway's Bahr law firm, has advised Sweden's Alfa Laval on its EUR 363 million acquisition of weather intelligence company StormGeo, including its Lithuanian subsidiary. The transaction is expected to close in the second quarter of 2021.
Alfa Laval is a provider of heat transfer, separation, and fluid handling solutions for heavy industry. It has 16,700 employees and is headquartered in Lund, Sweden. StormGeo is a weather intelligence service provider with 515 employees that is headquartered in Bergen, Norway.
According to Ellex, "the acquisition is part of Alfa Laval’s strategy to support the marine industry’s efforts to decarbonize and make operations more efficient. It will also enhance Alfa Laval’s knowledge of digital services."
The Ellex team consisted of Managing Partner Rolandas Valiunas, Senior Associate Laura Paulaite, Senior Associate Nerijus Patlabys, Associate Jomile Zabole, and Associate Paulius Vaitkevicius. They worked alongside Bahr of Oslo and advised on the Lithuanian side of the deal.
Ellex was unaware of any external counsel advising the seller.
Editor's Note: After this article was published, Ellex informed CEE Legal Matters that Norway's Wiersholm Law Firm advised the seller, the EQT Mid Market fund, on the deal.