| M&A, Private

Hannes Snellman Advised Energy Fuels in the Acquisition of VAC

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Hannes Snellman acted as Finnish counsel to Energy Fuels Inc. in the acquisition of Vacuumschmelze GmbH & Co. KG and its related group companies (VAC) from Ara Partners. Energy Fuels is a leading critical mineral company listed on the NYSE, focusing on the production of uranium, rare earth oxides, and medical isotopes.

The transaction comprises Energy Fuels’ acquisition of VAC for a total cash-and-stock consideration of approximately USD 1.9 billion. VAC is an advanced magnetics manufacturing company that specialises in permanent magnet solutions serving sectors such as the automotive, aerospace, defence, data centers, robotics, and semiconductors.

The transaction is expected to close in early 2027, subject to customary closing conditions and regulatory approvals.

Hannes Snellman’s core advisory team comprised Riikka Rannikko, Sofia Sihvonen, and Niko Ojala (M&A and Corporate Advisory), Mikko Huimala and Niko Haarahiltunen (Competition and Regulatory), Lauri Parvela and Aleksi Maunumäki (Real Estate and Environment), Roosa Kurppa and Tommi Moilanen (Employment), Josefina Aalto and Samuel Hardy (Finance), and Joel Ettanen (Intellectual Property).

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