Cobalt has advised the Adampolis Group on becoming the official representative of MAN Truck and Bus SE in Finland by acquiring the MAN Truck & Bus Finland business from K-Auto.
According to Cobalt, “the group, which develops, leases, and services commercial vehicles and special equipment, is expanding its business activities geographically. Adampolis Holding UAB has acquired the MAN Truck & Bus Finland business from K-Auto and has become the official MAN dealer and importer in Finland. This transaction is an important step in the Adampolis Group's strategic expansion in foreign markets.”
According to the firm, “the MAN dealership in Finland will be managed through a newly established company, Adampolis Finland Oy, and will operate under the Adampolis Finland brand. The change aims to integrate the Finnish operations with the Adampolis Group name, which is important for the entire Group. The MAN organization supported the Adampolis Group as a potential buyer when the K-Auto Group was considering options to transfer the MAN business and further continue to develop it successfully. This is a great recognition of the Adampolis Group's performance, a clear sign of trust and acknowledgment.”
Editor's Note: After this article was published, CEE Legal Matters learned that Finland's Borenius advised K-Auto on the transaction.