Baker & McKenzie has advised Swiss-founded Selecta Group in its sale of operations in the Czech Republic, Hungary and Slovakia to KMV Group.

Selecta, a leader for vending and coffee services, currently operates in 21 European countries and serves 6 million people per day. Their annual turnover in 2015 was approximately €725 million.

KMV Group is Central Europe's largest producer of mineral water.

The three businesses being sold employ about 200 people and generated net sales of approximately €14 million in the business year 2014/15.

The Baker & McKenzie team advising Selecta was led by Zurich partner Alexander Fischer; the local teams of Baker & McKenzie were led by Tomáš Skoumal (Prague) and Ines Radmilovic (Budapest).

Alexander Fischer said: "It was a pleasure advising Selecta on this strategic cross-border sale that will allow the company to focus on increasing market share in its core European markets."

The financial terms of the transaction have not been disclosed.