The Nordic region boasts a strong engineering sector. But if it is to remain strong it will have to adapt to the changing global marketplace. This means not just facing considerable challenges, but also being ready to take advantage of the opportunities on offer.
Scandinavians are justly proud of their engineering industry. When it comes to building companies that can take on the world, gaining international renown for their innovation and high quality, the region punches above its weight.
“‘The firm is very responsive, they are very focused to the client’s needs and always provide a brilliant all-round service,’ says one client.”
– IFLR 1000 (M&A)With their strong traditions and highly skilled workforces, the Nordic region’s engineering companies are widely expected to remain strong for the foreseeable future. But they are also having to adapt to an evolving, irrevocably globalized market. Many companies, for example, are moving production to lower cost jurisdictions, not just to save money but also to ensure that they remain close to growth markets.
With their strong traditions and highly skilled workforces, the Nordic region’s engineering companies are widely expected to remain strong for the foreseeable future. But they are also having to adapt to an evolving, irrevocably globalized market. Many companies, for example, are moving production to lower-cost jurisdictions, not just to save money, but also to ensure that they remain close to growth markets.
However, whether the strategy is to create new facilities on Greenfield sites, establish joint ventures or buy a stake in existing companies, this raises challenges. How do you protect and commercialize your intellectual property in emerging markets, for example? How do you ensure that your agreements are enforceable and that your limitations of liability are valid? Are you sure that deals are structured as tax-efficiently as possible?
Roschier’s lawyers have considerable experience working with companies in emerging markets. The firm has followed its multinational clients to countries in Eastern Europe and Asia to formulate IP strategies, make acquisitions, negotiate agreements and establish new facilities. And it has also assisted companies in selling assets to foreign buyers. In the process, Roschier has gained a strong understanding of the cultural differences between, for example, European and Asian businesses, as well as an appreciation of the issues that can derail a deal process – or ensure that it moves smoothly to a conclusion.
For Nordic engineering companies pursuing ambitious international expansion programs, Roschier can help with the strategic discussions and, by relying on its experience and cultural understanding, build bridges between its clients and local players. With its global network of contacts, the firm can coordinate advice across jurisdictions.
Meanwhile, international engineering companies investing in the Nordic region can rely on Roschier for advice on everything from M&A, tax and financing to intellectual property and employment law.
The firm has a strong commitment to understanding and working in the engineering sector as it continues to develop.