Birketts advises in sale of Essex business
East of England law firm Birketts worked with an Austrian legal practice in advising Wintersteiger AG on the acquisition of a controlling interest in Trials Equipment (UK) Ltd, based in Braintree.
Trials Equipment was set up by Essex businessman Colin Coleman, originally as Coleman Engineering. It specialises in the design, manufacture, development and sale of agricultural trials machinery and equipment.
Wintersteiger AG is an international machinery and plant engineering group, with headquarters in Ried im Innkreis, Austria.
It is a world market leader in its varied business fields of agricultural machinery, as well as ski and sports products and employs more than 1,000 people worldwide. No figures are being released for the deal.
Trials Equipment has had a working relationship with Wintersteiger for many years, having imported trials machinery for the UK and Irish markets.
The Birketts team was led by partner Nick Burnett in Chelmsford, who was assisted by lawyers from a number of disciplines, including partner Rafael Ruiz (Corporate), senior associates, Matthew Grindley (Property) and John Khan (Tax), associate, Heidi Jones (Corporate), and solicitors, Sabina Rooney and Tom Utting (Corporate), and Nicholas West and Abigail Hubert (Employment).
Florestan Boxberg, CEO of Wintersteiger AG said: “The acquisition of a controlling interest in Trials Equipment fits perfectly within the Wintersteiger Group, both in terms of supporting our global leadership position in our niche markets and in terms of the company culture.”