We are pleased to announce that we advised on the Polish law aspects of the acquisition of 100% of the shares in Power Solutions Poland by Arabelle Solutions, a French subsidiary of the Electricité de France Group (the “EDF Group”), from GE Power sp. z o.o. The buyer’s lead legal counsel was Freshfields Bruckhaus Deringer.
The transaction took place as part of the EDF Group’s acquisition of GE Vernova’s steam nuclear activities covering conventional island equipment for nuclear power plants. The deal will position the buyers as acquirers of technologies and competencies essential to the nuclear industry and to European energy security.
The EDF Group is a key player in the field of energy transition. It is an integrated energy company that is active in all areas of the energy sector: energy generation, transmission, distribution, supply and trading, as well as energy-related services.
Arabelle Solutions is a subsidiary of the EDF Group and a market leader in technologies and services related to turbine islands of nuclear power plants.
GE Power, which is a part of GE Vernova, is a global energy leader that provides technologies, solutions and services for the entire energy value chain, from the point of generation to consumption.
The transaction team comprised Paweł Rymarz (managing partner), Małgorzata Banaszkiewicz (senior associate) and Szymon Rutecki (associate).