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Delphi has assisted Väderstad-Verken in respect of the acquisition of the Canadian company Seed Hawk
Advokatfirman Delphi has assisted the agricultural machinery manufacturer Väderstad-Verken AB in respect of the acquisition of the Canadian business Seed Hawk. Seed Hawk manufactures heavy-duty sowing machines for direct sowing and has a workforce of 250. The business has undergone an expansive development and, since 2006, has increased its turnover by 700 per cent to the current level of SEK 400 million.
Väderstad-Verken has experienced a very positive development in recent years. Last year the turnover increased by 16 per cent to SEK 2.1 billion. The company has taken on 90 new employees during the course of the last year and now has a workforce of 1100 spread over 13 countries. The acquisition of Seed Hawk facilitates expansion in the North American market.
”We perceive considerable potential in Seed Hawk as its local presence on the North American market is a prerequisite for success. Tempo, Väderstad’s precision sowing machine, is an important product for reaching out to this market and, together with Seed Hawk’s range, the chances of success for both businesses are enhanced,” says Christina Stark, MD at Väderstad-Verken.
The transaction was completed on 15 October 2013.
Delphi’s team is led by senior partner Göran M Karlsson assisted by partner Cecilia Lundh.
The work was carried out in cooperation with the law firm Kanuka Thuringer in Regina, Saskatchewan.
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Delphi is one of the top commercial law firms in Sweden. We help our clients with mergers and acquisitions. We advise them on matters of banking, finance and capital markets. We represent clients in court and in arbitration and are acknowledged as being extremely competent in public procurement and environmental law.
Many of us are specialists in high-tech fields such as IT, intellectual property and life science. Our drive and our interest in technology and business probably explain, in part, our success. We are often praised for our commercial sense and our ability to understand the client’s business.
Our clients are to be found primarily in Scandinavia, Europe and North America. We also co-operate with law firms globally and regularly assist clients on international matters. We have a total workforce of 200, of which 140 are lawyers. We have offices in Stockholm, Göteborg, Malmö, Linköping and Norrköping.
