Bird & Bird advise Convion as they join forces with HD Hydrogen
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International law firm Bird & Bird advised Finnish pioneer in fuel cell technology Convion and its shareholders on the transaction where HD Hydrogen invested 72 million euros to acquire a majority stake in Convion.
Convion specialises in developing high-temperature solid oxide fuel cell (SOFC) and solid oxide electrolysis cell (SOEC) products, which are critical for the deep decarbonisation of industries and energy systems. By leveraging Convion’s advanced technology, HD Hydrogen seeks to advance its leadership in the world’s cleanest energy technologies. HD Hydrogen is a subsidiary of HD Korea Shipbuilding & Offshore Engineering, HD Hyundai’s holding company for its shipbuilding and offshore division.
Convion CEO and co-founder Erkko Fontell, comments: “This is a historic milestone for Convion in our journey to bring next generation energy conversion systems to market. We are extremely grateful for the guidance and support provided by the Bird & Bird team. Their expertise and commitment were instrumental in the successful completion of this strategic deal.”
Bird & Bird’s core team included partner Jori Taipale (Corporate), partner Iina-Mari Supperi (Corporate), partner Ville Alahuhta (Tax), senior associate Matti Kuokkanen (Corporate), associate Anna-Kaisa Mäenpää (Banking and Finance), associate Joel Rautiainen (Corporate), Counsel Alli Seppänen (Corporate), senior associate Matias Vikström (Tax) and associate Juhani Vuento (Corporate).