G&D advises Procuritas Capital Investors V and the minority shareholders in the sale of Swedish Electromagnet Invest AB (publ) with subsidiaries to PHINIA Inc. (NYSE:PHIN). SEM is a leading global supplier with over 100 years of industrial experience and deep knowledge of electromagnetic applications producing advanced natural gas, hydrogen and other alternative fuel ignition systems, injector stators and linear position sensors primarily for the commercial vehicle, industrial, and off-highway markets.

Gernandt & Danielsson advised Procuritas Capital Investors V and minority shareholders with a team led by partner Fredrik Palm, senior associate Fredrik Haräng and associate Erik Schwartz, primarily assisted by partner Peter Forsberg (Competition), senior associates Gustav Lindgren (Employment) and associates Sofie Hallén (Competition) and Sanna Pettersson (Corporate).