Deals & Cases

Swiss Vertical Farming companies Yasai & GreenState to merge

19 juin 2024 – Yasai AG and GreenState AG have agreed to merge, whereby GreenState will integrate Yasai into the GreenState Group. The transaction is subject to certain conditions.

Yasai AG, based in Zurich, is an ETH spin-off specializing in vertical farming and supplies major retailers such as Coop, Farmy and Jelmoli with herbs produced locally and in a climate-friendly manner. As is usual for vertical farming, the plant has minimal water requirements and does not require the use of any chemical pesticides. The year-round local production also reduces transportation emissions. GreenState produces basil and seedlings for the retail trade in Neuhausen SH in a self-developed indoor farming module system.

Walder Wyss is acting as legal counsel to Yasai and its founders. The team has been led by Alex Nikitine (Partner, Corporate/M&A) and further included Florian Iten (Associate, Corporate/M&A, Dispute Resolutions), Stefan Walder (Counsel, Corporate/M&A), Thomas Müller (Partner, Banking & Finance) and Manu Ferro (Senior Associate, Banking & Finance).