
St1 Lähienergia Oy and Caverion Suomi Oy are developing geothermal business and combined their expertise in geothermal projects for large-scale buildings in Finland. The cooperation is based on a strong strategic partnership, combining Caverion Suomi Oy’s expertise in building services engineering and heat pump technology with St1 Lähienergia Oy’s expertise in geology, geophysics, and drilling technology.
Magnusson assisted St1 Lähienergia Oy in this project, where advanced geothermal solutions will play a vital role in the transition to emission-free heat production. The project also included an asset deal whereby nine experts transferred to Caverion Suomi Oy from the installation and project management unit of St1 Lähienergia Oy’s heating plants.
St1 Lähienergia Oy’s operations will continue uninterrupted and the change will have no impact on customers’ ongoing or planned geothermal projects.
Magnusson’s team included Senior Associate Lilli Parbo, Specialist Counsel Maher Khadour and Partners Tomi Merenheimo and Jukka Blomberg.
Picture: St1 Oy
Contact

Lilli Parbo
Attorney-at-law / Senior Associate
Corporate and M&A, Commercial, Employment
Send me an email +358 44 519 4316
Maher Khadour
Specialist Counsel / Head of Middle East Desk
Energy, Corporate and M&A, Corporate Immigration, Environment, Middle East Group, Outbound Services
Send me an email +358 458 535838
Tomi Merenheimo
Attorney-at-law / Managing Partner Finland
Commercial, Capital Markets, China group, Corporate and M&A, Data Protection, Employment, Insurance and financial services, Intellectual Property, Life sciences, Media, Sports and Entertainment, Real estate, Restructuring and Insolvency, Retail and consumers, Technology
Send me an email +358 40 560 6101
Jukka Blomberg
Attorney-at-law / Partner / Chairman of the Board / Head of Dispute Resolution
Energy, Dispute Resolution, Employment, Environment, Industrials, Real estate, Retail and consumers
Send me an email +358 40 759 1593