Kronbergs Čukste Derling assisted Avesco in acquisition of three Baltic subsidiaries of Wihuri International Group

Avesco, a Swiss company, has recently acquired the three Baltic subsidiaries of Wihuri International Group of Finland, engaged in sales and leasing of new Caterpillar and Cat equipment, combined solutions for electric power and heat supply, and technical support and consultancy. This was complex transaction due to real time closing in three jurisdictions and complex deal structuring. Brands represented include Caterpillar, Cat, The Cat Rental Store, Metso and SITECH. Kronbergs Čukste Derling handled the Latvian component of the transaction while coordinating the transactions in the three Baltic jurisdictions, with partner Valters Kronbergs leading the team.