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Cobalt Advises Adampolis Group on Becoming Official MAN Dealer in Finland

Cobalt Advises Adampolis Group on Becoming Official MAN Dealer in Finland

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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.”

Cobalt’s team included Managing Partner Irmantas Norkus and Managing Associate Deimante Pagiriene.

Editor's Note: After this article was published, CEE Legal Matters learned that Finland's Borenius advised K-Auto on the transaction.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

More information on COBALT can be found at www.cobalt.legal.