PHH advises Raiffeisen Waren-Zentrale on the merger of Agxor with Austrian company Schwarzmayr Landtechnik

10. November 2025

Vienna, November 2025 – PHH lawyers provided legal advice to Raiffeisen Waren-Zentrale Rhein-Main AG and its subsidiary agxor Vertriebsgesellschaft Ost GmbH on their merger with the Austrian company Schwarzmayr Landtechnik GmbH. The merger creates a powerful company that combines the strengths of both partners and will further expand their market position in Austria and Germany.

In the course of establishing the joint venture, the German Raiffeisen Waren-Zentrale acquired shares from a Tyrolean investor group with a stake in Schwarzmayr and contributed its subsidiary agxor to Schwarzmayr Landtechnik GmbH in return. Robert Schwarzmayr remains managing partner. With around 150 employees across both companies and seven locations, the merger creates a comprehensive network of centres of excellence for tractors, harvesting technology and other agricultural equipment.

Raiffeisen Waren-Zentrale entrusted the PHH M&A team, led by Rainer Kaspar (partner) and Matthias Fucik (counsel), with legal advice and support for this strategically important transaction for the first time. PHH performed the legal due diligence, advised on the transaction structure and drafted and negotiated the key transaction agreements, including a framework agreement and two syndicate agreements. Rödl & Partner was responsible for the financial and tax aspects.

Schwarzmayr Landtechnik was advised by Puttinger Vogl & Partner under the leadership of Moritz Salzgeber. KPMG acted as financial and tax advisor to Schwarzmayr.

“The merger of Agxor and Schwarzmayr Landtechnik is a successful example of how companies can strategically complement each other across borders. We are delighted to have been able to support Raiffeisen Waren-Zentrale in this transaction. Our experience with complex cross-border deals enabled us to develop a tailor-made structure and successfully bring together the interests of all parties involved,” says Rainer Kaspar, partner at PHH Rechtsanwält:innen and lead advisor on the transaction.