Austria: Schoenherr advises HS Timber Group on acquisition of Vika Wood SIA, Latvia

Closing is expected in Q1 2025 and is subject to the fulfilment of customary regulatory approvals.

Based in Vienna, HS Timber Group is one of the leading wood processing companies in Europe. It is active in the timber industry and in the bioenergy sector throughout the CEE region, exporting its products to 70 different destinations.

Vika Wood specialises in high-quality softwood lumber, which is sold in more than 30 countries. The sawmill also plays an important role in the regional value chain and supplies sawmill byproducts to local pellet producers and the pulp industry.

The Schoenherr team advising on the transaction was led by Maximilian Lang (partner) and Christian Herbst (partner), and further consisted of Volker Weiss (partner), Beatrix Schima (attorney at law), Markus Fasching (associate) and Alexandru Caprau (associate).

COBALT acted as local counsel on Latvian law matters.