Lantmännen sells Swecon to Volvo Construction Equipment

Düssel­dorf — Lant­män­nen has signed an agree­ment with Volvo Cons­truc­tion Equip­ment (Volvo CE) to divest Swecon, an autho­ri­zed distri­bu­tor of Volvo CE in Sweden, Esto­nia, Latvia, Lithua­nia and Germany. The tran­sac­tion is subject to regu­la­tory appr­ovals. The tran­sac­tion is expec­ted to close in the second half of 2025. 

A HEUKING team led by Düssel­dorf part­ners Dr. Martin Imhof and Astrid Lued­tke advi­sed Lant­män­nen on the German parts of the tran­sac­tion, which were imple­men­ted by a sepa­rate purchase agreement.

Lant­män­nen is a Swedish agri­cul­tu­ral coope­ra­tive and Nort­hern Euro­pe’s leading company within agri­cul­ture, machi­nery, bioen­ergy and food products. Lant­män­nen coope­ra­tes with 17,000 Swedish farmers, employs 12,000 people, opera­tes in over 20 count­ries and has an annual turno­ver of SEK 70 billion. 

Swecon has been a divi­sion of the Lant­män­nen Group since it was foun­ded 25 years ago. Swecon’s net sales amoun­ted to SEK 10 billion in 2024. The tran­sac­tion includes Swecon’s entire busi­ness area with around 1,400 employees, i.e. sales of products and services, rental of machi­nes, after­mar­ket services and custo­mer service as well as offices and work­shops. The tran­sac­tion also includes the company Entrack. 

Volvo CE sees the invest­ment in Swecon as a stra­te­gic step to further expand sales in core markets: Germany as the largest cons­truc­tion equip­ment market in Europe, Sweden as Volvo CE’s home market as well as Esto­nia, Latvia and Lithua­nia. Toge­ther with Volvo CE’s current sales orga­niza­tion, this acqui­si­tion also means that Volvo CE will directly manage the majo­rity of its sales in Europe. Thus, distri­bu­tion will become part of Volvo CE’s core busi­ness in Europe. 

Consul­tant Lant­män­nen: HEUKING

Dr. Martin Imhof (corpo­rate law / M&A — lead),
Astrid Lued­tke (IP / data protec­tion — lead),
Dr. Chris­tiane Vikto­ria Göb-Krumme (corpo­rate law / M&A),
Dr. Melina Brune (corpo­rate law / M&A),
Chris­toph Hexel (employ­ment law),
Chris­toph Nöhles, LL.M. (Boston Univer­sity), (Real Estate Law),
Beatrice Stange, LL.M. (King’s College London), (Merger Control / FDI), all Düsseldorf,
Fabian G. Gaffron (Tax),
Simon Pommer, LL.M. (Tax), both Hamburg