G&W Electric – Acquisition of Safegrid

G&W Electric – Acquisition of Safegrid

The team has overall excellent competence in its field. The quality of their work, whether contracts, negotiations or advice, is virtually flawless.

The Legal 500, 2023

Digitalisation is driving an unprecedented degree of change that will leave no field of business untouched.

In order to keep up, you need an advisor who understands not only your business, but who also has the expertise and vision to help you make the most of the opportunities technology will provide for your business. We want to be your legal partner in forging your and your customers’ digital future.

We are specialised, among other things, in issues related to digital transformation projects, regulatory and strategic advice, new technologies and business models as well as ICT contracts. Our advice also covers legal issues related to data breaches and cyber threats. Our tech-savvy legal team has extensive experience and knowledge in finding the most viable solution for every occasion.

We advise a wide range of businesses, from startups to listed companies, so we have an exceptional understanding of the challenges faced by companies of different sizes and in different sectors. With several of our lawyers having essential academic or in-house backgrounds in data and technology, clients also benefit from our technological expertise. Our services and experts are regularly ranked among the best in Finland. 

The service is headed by Eija Warma-Lehtinen, Topi Lusenius, and Kim Parviainen, whose market-leading and widely renowned expertise in both contentious and non-contentious matters complement each other exceptionally well, positioning the team as a leading data & technology practice in Finland and one of the strongest in the Nordics.

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Latest references

We advised G&W Electric with its acquisition of Safegrid Oy, a leading provider of intelligent grid monitoring solutions based in Finland. The acquisition accelerates G&W Electric’s long-term strategy to integrate intelligent monitoring and predictive analytics into its power distribution portfolio, strengthening its offering to utility customers worldwide. Founded in 1905 and headquartered in Bolingbrook, Illinois, G&W Electric is a global leader in innovative power grid solutions, with a presence in over 100 countries. The company is known for advanced load and fault interrupting switches, reclosers, sensors, system protection equipment, power grid automation, intelligent grid monitoring, and transmission and distribution cable accessories. Safegrid is a Finnish technology company headquartered in Espoo, Finland. The company develops the Intelligent Grid System®, a grid monitoring solution that combines instant-on wireless sensors with advanced analytics to deliver real-time insight into grid conditions, enabling utilities to identify emerging issues, anticipate failures, and reduce outage duration across medium and high voltage distribution and transmission networks.
Case published 8.5.2026
Castrén & Snellman advised Nscale, a European AI infrastructure company, in connection with its planned data centre project in Harjavalta, Finland. The facility will be located in the Sievari industrial area. Castrén & Snellman’s advisory role encompassed the negotiation and execution of a site securing and development agreement (SSDA) with Fortum, as well as the preliminary land sale process for the Sievari site with the Town of Harjavalta. Under the SSDA, Fortum supports the advancement of Nscale’s project development, including grid connection design and permitting.
Case published 15.4.2026
We advised UK-based investment company Downing in its acquisition of the entire share capital of Tornionlaakson Voima Oy. Tornionlaakson Voima owns three hydropower plants in the Tengeliönjoki river system – the Portimokoski power plants in Ylitornio, the Jolmankoski power plants in Raanujärvi and the Kaaranneskoski power plants in Sirkkakoski. The power plants produce a total of approx. 45 gigawatt-hours of electricity per year. Tornionlaakson Voima’s daily operations will continue normally, and the transaction will not affect customers. The consummation of the transaction is subject to the approval of the Ministry of Economic Affairs and Employment. Downing has over 35 years’ experience in providing a wide range of investment solutions to the needs of institutional investors, advisers and retail investors. The company manages over £2 billion in assets in both the private and public markets and its current hydro power portfolio includes approx. 50 hydro power plants in the Nordics. 
Case published 27.3.2026
We advised Fingrid Oyj on the Finnish law aspects in the update of a EUR 3 billion Euro Medium Term Note programme (EMTN). Notes issued under the programme may be listed on the Irish Stock Exchange. Fingrid operates Finland’s main electricity transmission grid and all significant cross-border transmission connections. The main grid is the backbone of the electricity transmission network, to which major power plants, industrial plants and regional electricity distribution networks are connected.
Case published 17.3.2026