On January 17, 2017, Givaudan SA (Givaudan), Vernier, Switzerland (SIX: GIVN), announced that it has acquired Activ International (Activ) as part of its 2020 strategy to strengthen capabilities in natural flavour solutions to its customers.

Activ International offers a range of natural and organic flavours, marine extracts, seafood and vegetable based culinary solutions to customers. With headquarters in Bienne (Switzerland), Activ operates from locations in Somerset (New Jersey, USA), Melaka (Malaysia), Mitry-Mory (Paris, France) and Arequipa (Peru).

While terms of the deal have not been disclosed, Activ's business would have represented approximately CHF 40 m of incremental sales to Givaudan's results in 2016 on a proforma basis. Givaudan plans to fund the transaction from existing resources.

Homburger advised Givaudan in this transaction. The Homburger team was led by partner Dieter Gericke (Corporate | M&A) and included partner Reto Heuberger (Tax), associates Guy Deillon and Vincent Delaloye and junior associate Nicolas Curchod (all Corporate | M&A).