Mandate Vinge advises Fouriertransform in connection investment in El-Forest

July 06, 2010

Vinge has advised Fouriertransform in connection with its investment in El-Forest. El-Forest has developed the world’s first forestry machine that uses energy efficient electric-hybrid technology. The technology gives rise to several environmental improvement measures. The investment is taking place through a directed new share issue pursuant to which Fouriertransform will become the largest individual shareholder. El-Forest’s forestry machine has a unique and patented track following and hybrid operation system which reduces fuel consumption, carbon dioxide emissions and reduces damage to forests due to the light weight of the machine.

Fouriertransform is a state-owned venture capital company which commercially supports innovative companies and entrepreneurs who can contribute to stimulating the Swedish vehicle industry.

Fouriertransform was represented in the negotiations by partner Bo Adrianzon and associate Johan Steen. Associates Sofia Berg and Adam Weissbach (IP) assisted in the due diligence phase.

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