Krehic & Partners in cooperation with Deloitte Legal has helped OMV-Indoil form a strategic partnership with AVK International through the sale of shares. Vukmir & Associates reportedly advised AVK International on the deal.
OMV-Indoil is a Zagreb-based producer of ball and butterfly valves used in the oil and gas, power generation, processing, marine, and water treatment industries. The company, which was founded in 1990 by Tomislav Matkovic , currently runs manufacturing facilities in Zagreb, in Croatia, and in Capljina, in Bosnia and Herzegovina.
AVK International is a producer of valves, hydrants, and accessories for water, wastewater, gas, and fire applications. The company was founded in 1941 in Denmark, and currently employs over 4,400 people globally.
According to Krehic & Partners, the new partnership "will strengthen OMV-Indoil’s brand and position and will enable the company to benefit from the AVK Group’s global setup, strengthen the value proposition, and ensure future growth.” According to the firm, Matkovic will continue to be involved in the business as a key stakeholder in the development of the company.
The Krehic & Partners | Deloitte Legal team included Managing Partner Tarja Krehic, Partner Matea Gospic Plazina and Associate Jelena Kraljevic.
Editor's note: After this article was published, Vukmir & Associates informed CEE Legal Matters that it had advised AVK International on the deal. The firm's team included Partners Sanja Tkalec Kovac and Tomislav Pedisic.