SORAINEN Lithuania advised Enerstena Group, a well-known group of companies in the Lithuanian energy sector, on acquisition of Finnish company Nakkila Boilers. The transaction is expected to complete in 2016.
Enerstena Group is one of the biggest bioenergy enterprises in the Baltics. The company designs and manufactures biomass boilers, flue gas condensers, furnaces and other technological equipment for biomass boiler plants, as well as gas and liquid fuel burning plants. Currently it employs over 340 personnel.
The main activity of Nakkila Boilers is implementing biomass boiler plant projects with a capacity of 1 to 10 MW. They have completed over 50 power plant projects in Finland, Sweden and Norway. Now specialists from Nakkila Boilers will be involved in selling of boilers manufactured by Enerstena Group.
SORAINEN provided legal services throughout the process, including negotiating the transaction documents. The SORAINEN team was led by specialist counsels Paulius Koverovas and Mantas Petkevičius.