We advised TSG Solutions, the European leader in technical services for responsible mobility solutions, on the acquisition of Nordic Gas Solutions, a gas specialist specialising in the design, assembly, installation, and maintenance of high-standard facilities for natural gas and biogas for safe and environmentally sound management. Nordic Gas Solutions is headquartered in Stockholm, Sweden, and has a subsidiary also in Estonia.
Enforcing the strategy
The transaction reinforces TSG’s strategy to be the referent services provider to support all B-to-B customers in their energy transition for mobility, with gas and biogas playing an increasing role in the development of low-carbon solutions for heavy transportation.
According to Jean-Marc Bianchi, chairman, and CEO of TSG Solutions, “The acquisition of Nordic Gas is the 18th acquisition made by TSG in 20 months throughout Europe. The integration of new gas experts already active in biogas development contributes to TSG’s willingness to reinforce in new energies for mobility while preparing for the upcoming hydrogen development. With a large investment in new energy competencies, TSG accelerates its transformation and diversification. It reinforces its now established position as the European key enabler of the energy for mobility transition thanks to its unique network of locally based technicians and experts located in thirty countries.”
Our services and client team
We advised TSG Solutions as local law advisers via DLA Piper Sweden in conducting the legal due diligence, assisting with the preparation of transaction documents and supporting in closing and post-closing matters.
Our client was led by partner Toomas Prangli and senior associate Robin Teever and included counsel Pirkko-Liis Harkmaa, senior associates Britta Retel, Kirsi Johanna Koistinen and Olivia Kranich, as well as associates Andra Grünberg and Anu Liinsoo.