August 13, 2009 - Assignment

Morphic Technologies divests ScanWind to GE Energy

Mannheimer Swartling has advised Morphic Technologies on the divestiture of ScanWind to GE Energy. ScanWind is a Norwegian-Swedish developer and supplier of wind-turbines and services for the coastal onshore and offshore market. The value of the transaction is SEK 130 million and is expected to be completed early September.

Morphic is a Swedish engineering group operating in the areas of fuels cells and wind power. The Group has about 200 employees and conducts operations in five countries – Sweden, Japan, Greece, Italy and Switzerland. Morphic Technologies’ B share is listed on the OMX Nordic Exchange. GE Energy, based in Atlanta, Georgia, is one of the world’s leading suppliers of power generation and energy delivery technologies and works in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels.

Mannheimer Swartling’s team was led by Jan Holmius, assisted by, among others, Terese Holmqvist, Johan Bergman, Joel Mårtensson, Veronica Stiller, Anja Kögel, and Henrik Johansson.