NKF with EDF on Vernova steam power’s acquisition

Niederer Kraft Frey (NKF) advised EDF on the acquisition of GE Vernova’s steam nuclear activities, covering conventional island equipment for nuclear power plants excluding servicing activities in the Americas.  As part of the EDF, this business will operate under the name of Arabelle Solutions. This acquisition follows on from the exclusivity agreement signed between EDF and GE on 10 February 2022, the final agreement signed on 4 November 2022, and the fulfilment of all required conditions.

NKF’s team

NKF operated with a team comprising corporate/M&A partner Philipp Haas (pictured), senior associate Samuel Hochstrasser and associate Pascal Hodel (both corporate/M&A), partner Nicolas Kuonen and senior associate Grégoire Chappuis (both dispute resolution).

GE Vernova

Headquartered in Cambridge, Massachusetts, with approximately 75,000 employees in more than 100 countries around the world, GE Vernova is a purpose-built global energy company comprising the Power, Wind and Electrification segments, supported by its accelerator businesses and focused on hastening the path to sustainable energy.