The controlling stake was acquired in ,,Instreita“ – the company providing trade, maintenance and sharpening services for industrial saws, drills and tools.
,,Instreita“ has been operating since 1997 and started services in a modern factory near Šiauliai in 2019.
Company 2021 annual sales to be 1.9 million. EUR, 20 employees.
A controlling stake was acquired by ,,AKE Knebel GmbH & Co. KG. KG” (Germany), one of the world’s leading manufacturer of circular saws and cutters, operating all continents and now is expanding in the Baltics.
,,Hortus Investment Banking“ was a sell side advisor to the major shareholder.
Buyer’s legal advisors: ,,Bnt Heemann attorneys in CEE“