Digital transformation is one of the greatest drivers of our time, and due to the rapid pace of development, digitalisation has shifted from support functions to the core of the business. It has been estimated that the money spent on carrying out the transformation will double from the current two trillion to four trillion dollars by 2027.
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This all materialises as technological transformation projects and system acquisitions. At best, successfully implemented transformation boosts new growth in the company while delays, dysfunctional software and overspending the budget can even jeopardise the business operations, particularly given that more and more customer interfaces are digital.
When companies undertake a transformation project, they should therefore reserve enough time and resources for it. External experts can also help evaluate the project and any related risks. If the project is a failure, related disputes can end up in court.
One factor that is essential for a well-implemented transformation project is a carefully drafted contract. A functioning contract provides flexibility and describes the targets, timetable and responsibilities as tangibly as possible for the duration of the project but also for the use of the new solution after the project. When the contract is in order, it is easy to monitor its execution. At best, the contract also provides a solid foundation if any disputes arise.
Advance planning is often a key to favourable results in disputes as well. When the contract is clear, it has been complied with on both sides and the organisation is prepared for any disputes, the project has better chances of success. In a best-case scenario, the transformation project is so skilfully planned, organised and led that it is not necessary to even consider leaning on these precautions.
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Latest references
PwC – Public tender in Kela’s Eepos procurement process
We are proud to have provided legal assistance to PwC in the successful public tendering process for the comprehensive renewal of Kela’s benefits processing systems. Kela is the Social Insurance Institution of Finland, and this project is a significant cornerstone in modernising Finland’s social security infrastructure. PwC was selected as Kela’s strategic partner to implement a comprehensive overhaul of the benefits processing systems, digital services, customer relationship management, and information exchange platforms. The project aims to meet the demands of the future digital environment and enhance customer experience through the adoption of Salesforce technology. The new systems are expected to simplify benefit processes, enhance user experience for both customers, employees and other stakeholders, and ensure adaptability to future legislative changes. Castrén & Snellman provided strategic legal support to PwC throughout its successful bidding process, which was carried out through a competitive negotiated procedure. We extend our warmest congratulations to PwC for their successful bid and look forward to seeing the positive impact of this project on Finland’s social security system.
Case published 24.4.2025
Savings Banks Group – Sale of Sb Life Insurance
We advised the Savings Banks Group on an arrangement whereby the shares in Sp-Henkivakuutus Oy were sold to Henki-Fennia and at the same time the parties agreed on a long-term distribution cooperation for insurance savings and loan protection products. The closing of the transaction remains subject to regulatory approvals. Sb Life Insurance is a domestic life insurance company, established in 2007, offering insurance savings and risk insurance products to private customers and companies. The Savings Banks and Oma Säästöpankki Oyj act as agents for Sp-Life Insurance. Henki-Fennia is a subsidiary of Keskinäinen Vakuutusyhtiö Fennia, specialising in voluntary life, pension and savings insurance.
Case published 11.4.2025
Valio – Acquisition of the Härkis® and Beanit® fava bean brands
We advised Valio Oy in its acquisition of Raisio Oyj’s plant protein business, related fixed assets and the Härkis® and Beanit® fava bean brands. The fixed assets include, among other things, the production equipment of the factory that makes plant protein products in Kauhava. The transaction supports Valio’s strategy to grow from a dairy company to a food company. This business acquisition will make us an even more significant developer and producer of plant-based protein products. The demand for these products will grow in the long term, and a great deal of growth potential still remains. In 2022, we acquired the Gold&Green® business and, since then, we have been carrying out strong product development and renewed the brand. Following successful product launches, sales in the last quarter of 2024 increased by about 50% from the previous quarter. With this acquisition, we are building our own production capacity. The production equipment of the Kauhava factory is just right for our needs and situation. says Kimmo Luoma, Valio’s Senior Vice President. Valio is a Finnish dairy and food company founded in 1905 and owned by Finnish dairy cooperatives. Valio has subsidiaries in Sweden, Estonia, the United States and China. In 2023, the Group had a turnover of EUR 2 278 million and more than 4 000 employees.
Case published 14.2.2025
WithSecure – Sale of cyber security consulting business
We advised WithSecure Corporation in the sale of its cybersecurity consulting business to Neqst. WithSecure is a global cyber security company (listed on NASDAQ OMX Helsinki). Neqst is a Swedish investment firm, focusing on technology companies. The closing of the transaction remains subject to customary conditions and regulatory approvals.
Case published 24.1.2025