Avellum has acted as Ukrainian legal counsel to AGCO in connection with its successful application for merger control clearance from the Antimonopoly Committee of Ukraine for its EUR 310 million acquisition of Cimbria. Herbert Smith Freehills acted as global legal advisor to AGCO.
AGCO is a designer, manufacturer, and distributor of agricultural solutions, and it 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 optimization services, all of which 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, Georgia, in the United States.
Founded in 1947, Cimbria — which is headquartered in Thisted, Denmark — is a manufacturer of products and solutions for the processing, handling, and storage of seed and grain, including the development, manufacture, and installation of individual machines, customized 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.
Avellum's team was supervised by Managing Partner Mykola Stetsenko and Counsel Yuriy Nechayev, and was led by Associate Yaroslav Medvediev, supported by Associate Andriy Gumenchuk.