Cobalt has advised Samsung C&T on its investment and business collaboration with Latvian industrial manufacturer Forta Pro.
"This collaboration marks an important step to combine and merge the two companies' industrial know-how and experience, which can turn around conventional construction market practices in Latvia and beyond and become a leading global modular construction company," Cobalt reported. "The companies are planning to launch and operate modular construction factories worldwide, which will increase the presence of the high value-added Latvian knowledge-based production in the global construction markets."
South Korean Samsung C&T specializes in housing, offices, industrial buildings, infrastructure, and power plant construction.
Forta Pro is a Latvian modular construction company, specializing in the construction of modular high-rise buildings, with production facilities in Jelgava and Ventspils.
The Cobalt team was led by Partner Indrikis Liepa and Senior Associate Diana Zepa and included Senior Associates Inga Tenisa, Ivo Maskalans, Liga Fjodorova, Maija Tipaine, and Juta Meimere, and Associate Agnese Gerharde.