Practice area

Commercial agreements

9 February 2018 · News

Moll Wendén advises Orbital Systems, which raises new capital

Orbital Systems was founded in 2012 by industrial designer Mehrdad Mahdjoubi in Lund, and the company has developed a water- and energy-saving shower system.

Now the company has taken in another SEK 30 million from Sandberg Development to strengthen Orbital Systems in its commercialization phase. Martin Jonsson, president and CEO of Sandberg Development also takes a seat on Orbital Systems’ board.

David Klose, attorney and partner at Moll Wendén, together with Orrick, Herrington & Sutcliffe, has advised Orbital Systems in connection with the investment.