Sorainen, working with DLA Piper Sweden, has advised TSG Solutions on its acquisition of Nordic Gas Solutions.
TSG Solutions provides technical services for responsible mobility solutions.
Nordic Gas Solutions specializes 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 in Estonia as well.
According to Sorainen, “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.”
“The acquisition of Nordic Gas is the 18th acquisition made by TSG in 20 months throughout Europe,” TSG Solutions CEO Jean-Marc Bianchi commented. “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.”
Sorainen’s team included Partner Toomas Prangli, Counsel Pirkko-Liis Harkmaa, Senior Associates Robin Teever, Britta Retel, Kirsi Johanna Koistinen, and Olivia Kranich, and Associates Andra Grunberg and Anu Liinsoo.
Sorainen did not respond to our inquiry on the matter.