Siemens Energy Acquires Majority Stake in Gridpulse

Deal News | Dec 12, 2024 | CEE Legal Matters

Siemens Energy Holding has acquired a 76% stake in Gridpulse, a Slovenia-based company focused on overhead line monitoring and rating, from Mosdorfer and C&G Skupina Investiranje in Svetovanje. The acquisition aims to enhance the efficiency and reliability of electricity systems, aligning with Siemens Energy's expertise in power generation, transmission, and storage solutions. Schoenherr provided legal advice to Siemens Energy, involving a team of local and Austrian partners and associates. Although advised by Advant Beiten, the sellers’ side remains undisclosed.

Sectors

Energy
Legal Services

Geography

Slovenia – Gridpulse, the target company, is based in Slovenia.
Austria – Schoenherr, part of the advisory team for Siemens Energy, includes Austria-based partners and associates.

Industry

Energy – Siemens Energy operates within power generation, transmission, and storage, reflected in its acquisition of Gridpulse, a company that fits within the energy sector by specializing in line monitoring for electricity systems.
Legal Services – Schoenherr and Advant Beiten are law firms providing legal advisory services to Siemens Energy and the sellers, respectively, pertaining to the acquisition.

Financials

Not disclosed – The financial details of the acquisition were not disclosed.

Participants

Name	Role	Type	Description
Siemens Energy Holding	Bidding Company	Company	Acquirer of a 76% stake in Gridpulse.
Gridpulse	Target Company	Company	Specializes in line monitoring and rating of overhead lines to improve electricity systems' efficiency and reliability.
Mosdorfer	Selling Company	Company	Previous stakeholder in Gridpulse.
C&G Skupina Investiranje in Svetovanje	Selling Company	Company	Previous stakeholder in Gridpulse.
Schoenherr	Legal Advisor	Company	Provided legal advice to Siemens Energy for the acquisition.
Advant Beiten	Legal Advisor	Company	Reportedly advised the sellers in the transaction.