Sorainen has advised Cariad Estonia, a Volkswagen Group’s car software company, on a cross-border merger whereby its Luxembourg parent company is merged into Cariad Estonia, making it a subsidiary of Cariad SE.
According to Sorainen, “Cariad SE is Volkswagen Group’s newest international company, consolidating and expanding the group’s software competencies to develop technological solutions for all Volkswagen brands. Cariad Estonia as one international location for Cariad SE was established in March 2020. Following a strategic adjustment in Cariad SE in 2021, Cariad Estonia is becoming the shareholding hub of all non-German Cariad subsidiaries.”
At the end of 2021, Cariad Estonia started managing subsidiaries in China, Sweden, and Israel. The management of the remaining subsidiaries will be transferred to Cariad Estonia in 2022.
Sorainen’s team included Partners Karin Madisson, Paul Kunnap, and Kaido Kunnapas, Counsel Piret Lappert, and Associate Nele Suurmets.