Bird & Bird advises Visedo on the sale of shares to Danfoss

01 November 2017

Our Corporate Group, led by partners Jori Taipale and Mikko Ahonen, acted as a legal advisor for Finnish manufacturer of smart hybrid and electric drivetrains Visedo Oy and its shareholders as Danfoss A/S acquired all outstanding shares and options in Visedo Oy. The acquisition includes all Visedo subsidiaries globally and a design and manufacturing site located at its headquarters in Lappeenranta. Our services included in addition to full-service advisory in relation to transaction, a creation of novel post-closing incentive scheme for the key management and the employees.

Visedo Oy is a world-leading expert in electric solutions for the off-highway and marine markets. Visedo has subsidiaries in the Netherlands and Hong Kong and a broad, international client base, with exports to Europe and Asia representing 90 percent of its sales. The company will be integrated into the Danfoss Power Solutions business segment.

For more information about Visedo, please visit https://visedo.com/

Read the press release on Visedo's website https://visedo.com/2017/11/01/danfoss-acquires-visedo-world-leading-expert-electric-solutions/