Highlight 10 July 2024

Krogerus advises Silo AI on the sale of Silo AI to AMD Inc.

Krogerus advised Silo AI's sellers, including founders Peter Sarlin, Tero Ojanperä as well as Altor, Silo AI's management and certain minority investors on the sale of Silo AI, Europe’s largest private AI lab to AMD Inc.

The transaction at an enterprise value of USD 665,000,000 marks the landmark deal 2024 YTD in Finland.

Based in Helsinki, Finland, with operations in Europe and North America, Silo AI specializes in end-to-end AI-driven solutions that help customers integrate AI quickly and easily into their products, services and operations. Their work spans diverse markets, with customers including Allianz, Philips, Rolls-Royce and Unilever. Silo AI also creates state-of-the-art open source multilingual LLMs, such as Poro and Viking, on AMD platforms in addition to its SiloGen model platform.

The Krogerus team was led by Partner Annika Schauman. She was primarily supported by Associates Niclas Ruotsalainen, Tiina Jauhiainen, Tuuli Merikallio, André von Martens and Katariina Pitkänen as well as Counsel Jasmin Wardi and Partners Marcus Möller and Antti Luhtala. Partner Ritva Aalto advised on tax matters, and she was assisted by Associate Lauri Parvela. Partner Kalle Hynönen advised on technology-related matters, and he was assisted by Associates Maria Lilius and Aleksi Yli-Houhala. Partner Simo Autio advised on competition and regulatory matters, and he was assisted by Senior Associate Eveliina Tanskanen and Associates Oskar Kaskela and Verna von Martens. Partner Carola Möller advised on employment matters, and she was assisted by Associate Ada Hård af Segerstad.

Similar highlights