Renzenbrink & Partner advises Swedish investor Mimir on the acquisition of Wärtsilä EUROATLAS

30 March 2021

Swedish financial investor Mimir has signed an agreement to acquire Wärtsilä EUROATLAS GmbH, a leading supplier of power conversion products for civil and military applications, from Wärtsilä Corporation. Subject to approvals, closing of the transaction is expected in the third quarter of 2021.

Mimir is a global investment firm which focusses on non-core business units of large corporations and private companies in need of operational ownership. The Mimir group operates in 20 countries around the world and employs 1,000 people.

Wärtsilä EUROATLAS, based in Bremen, Germany, provides its global customer base with customized solutions for high-performance energy conversion in marine, aviation and mobile land applications.

Wärtsilä Corporation is a leading global provider of smart technologies and complete lifecycle solutions for the marine and energy markets. In 2020, Wärtsilä generated net sales of EUR 4.6 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.

Renzenbrink & Partner advised Mimir on all legal and tax aspects of the transaction with the following team: Dr. Ulf Renzenbrink (Corporate/PE), Marc H. Kotyrba (Tax/PE), Dr. Bernd Egbers (Finance) and Vincent Faure (Corporate/PE).