HS Timber Group acquires Vika Wood SIA from Bergs Timber AB

The Austrian HS Timber Group has signed an agreement to acquire 100% of the shares in the Latvian wood processing company Vika Wood SIA from the Swedish owner Bergs Timber AB. The transaction is still subject to approval by the competition authority, with closing expected within the first quarter of 2025. The sawmill, whose high-quality products are recognized internationally under the established Vika brand, is located near Talsi in Western Latvia. Both parties have agreed to treat the terms of the transaction confidentially. Brand, Management, and business activities of Vika Wood will remain unchanged. With an ...