Fenwick & West and Wigge & Partners advised Cuberg on the deal.
Cuberg, a U.S.-based battery technology company delivering high-performance lithium metal cells produced on existing lithium-ion manufacturing lines for electromobility solutions, announced its acquisition by Northvolt, a European supplier of sustainable, high-quality battery cells and systems.
Northvolt will establish an advanced technology center in Silicon Valley, and its U.S. operations, led by Cuberg, will develop next-generation battery cells for the electromobility market with a lower price point, better performance and increased safety.
The Fenwick transaction team was led by corporate partners Mark Leahy (Picture) and Stephen Fisher, and included corporate associate Victoria Wong; executive compensation and employee benefits partner Gerald Audant and associate Corinne Nhaissi; technology transactions partner Ralph Pais and associate Julia Arruda; and tax partner William Skinner and associate Timmoney Ng.
The team from Wigge & Partners consisted of Bo Adrianzon, Maria Bellak and Hampus Eriksson.
Involved fees earner: Julia Arruda – Fenwick & West LLP; Gerald Audant – Fenwick & West LLP; Stephen Fisher – Fenwick & West LLP; Mark Leahy – Fenwick & West LLP; Timmoney Ng – Fenwick & West LLP; Corinne Nhaissi – Fenwick & West LLP; Ralph Pais – Fenwick & West LLP; William Skinner – Fenwick & West LLP; Victoria Wong – Fenwick & West LLP; Bo Adrianzon – Wigge & Partners; Maria Bellak – Wigge & Partners; Hampus Eriksson – Wigge & Partners;
Clients: Cuberg Inc.;