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Vinge advises Lantmännen in connection with its acquisition of HKScan’s Swedish operations

December 30, 2023 M&A Environmental Law Real Estate and Construction EU, Competition and Regulatory Data protection and processing of personal data Commercial Agreements Employment and Benefits Intellectual Property Corporate Crime & Compliance

Lantmännen has signed an agreement to acquire HKScan Corporation’s Swedish operations, HKScan Sweden AB. The acquisition includes all operations in Sweden and the brands Scan, Pärsons and Bullens. The acquisition means that Lantmännen is broadening and strengthening its business portfolio from field to fork – and that long-term conditions for Swedish agriculture are strengthened.

HKScan’s Swedish operations offers meat- and plant-based food from Swedish farms, employs about 1,800 people, and in 2022 had net sales of approximately SEK 8 billion. The Swedish business has production facilities in Kristianstad, Skara, Linköping and Halmstad – and is Swedish headquarter in Stockholm.

In connection with the acquisition, Lantmännen also transfers all its existing shares in HKScan Corporation to HKScan Corporation. The transaction is subject to approval by relevant authorities, and is expected to be completed during the first half of 2024.  

Vinge’s team consisted of Christina Kokko, Karl Klackenberg, Clara Sohlberg and Robin Sultani (M&A), Johan Cederblad (Environment), Kristoffer Larson and Alexandra Tamm (Real Estate), Trine Osen Bergqvist and Jesper Ekman (Competition law), Malin Malm Waerme and Johan Gavelin (IP), Lisa Hörnqvist (GDPR), Eva Fredriksson, Jolene Reimerson and Carla Zachariasson (IT and Commercial Agreements), Mia Falk and Julia Löfquist (Regulatory), Agnes Pigg (Employment) and Emy Rydén (Transaction Support Coordinator).

Read the client's press release

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