AVELLUM Advised AGCO on Merger Control Clearance for Acquisition of Cimbria

AVELLUM acted as the Ukrainian legal counsel to AGCO in connection with obtaining a merger control clearance of the Antimonopoly Committee of Ukraine for the acquisition of Cimbria for EUR310 million.

Herbert Smith Freehills LLP acted as the global legal advisor to AGCO.

AGCO is a global leader in the design, manufacture and distribution of agricultural solutions. AGCO supports efficient farming through its full line of equipment and related services.

AGCO products are sold through five core brands, Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra®, supported by Fuse® precision technologies and farm optimisation services, and are distributed globally through a combination of approximately 3,000 independent dealers and distributors in more than 140 countries. Founded in 1990, AGCO is headquartered in Duluth, GA, USA.

Cimbria is a leading manufacturer of products and solutions for the processing, handling and storage of seed and grain.

Cimbria’s extensive products and services support the cleaning, drying, storage and conveyance of grain and seed through the development, manufacture and installation of individual machines, customised systems and complete turnkey plants, as well as project management and process control consulting. Cimbria sales are concentrated in Western Europe with growing exposure to Eastern Europe, Africa and the Middle East. Founded in 1947, Cimbria is headquartered in Thisted, Denmark.

AVELLUM team was led by an Associate, Yaroslav Medvediev, with support from an Associate, Andriy Gumenchuk, under the supervision of the Managing Partner, Mykola Stetsenko, and a Counsel, Yuriy Nechayev.