Bird & Bird advises Destia on the acquisition of Oulun Energia Urakointi Oy
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Bird & Bird’s team in Finland has advised Destia, a leading Finnish infrastructure and construction service company on acquiring the share capital of Oulun Energia Urakointi Oy, a subsidiary of electrical network and traffic infrastructure provider Oulun Energia.
Destia has acquired the share capital of Oulun energia Urakointi Oy from Oulun Energia. As part of the transaction, the activity of Oulun Energia Urakointi Oy will be entirely transferred to Destia, including business, personnel, equipment and agreements. With the acquisition, Destia will become one of Finland’s most significant builders of energy networks.
Bird & Bird’s team was led by partner Jori Taipale (Corporate) together with senior associate Kimmo Sundqvist (Corporate). Other team members included partner Teea Kemppinen (Employment), associate Noora Heinonen (Employment), associate Riikka Pulju (Employment), associate Joanna Puhto (Real Estate), senior associate Juuso Pyy (Commercial), counsel Päivi Tammilehto (Competition), partner Sami Tuominen (Tax) and counsel Ville Alahuhta (Tax).
Jori Taipale comments: “We are very pleased to have had the opportunity to support Destia to successfully complete this interesting transaction. Congratulations to both parties and thank you to all for your work and cooperation on completing the deal.”
Destia is the biggest infrastructure service company in Finland. The company’s services cover the entire infrastructure life cycle from design to construction and maintenance. Destia’s revenue amounted to approximately MEUR 565 in 2020. Destia is a private company owned by Ahlström Capital Oy.