TGS Baltic has advised Sweden's LMT Group AB on the acquisition of PLM Group companies in Latvia, Estonia, Sweden, Denmark, Finland, Norway, and Iceland. The LMT Group was also advised by Sweden's Wesslau Soderqvist Advokatbyra and Finland's Hasto & Co.
The LMT Group is a technology trading group consisting of Ravema, with operations in Sweden, Norway, and Finland, and Din Maskin, with operations in Sweden and Norway. In partnership with the PLM Group, the LMT Group will create a platform as a basis for the company's future competitiveness.
The PLM Group is the Dassault Systemes SolidWorks' partner in Northern Europe serving customers in a range of industries in Sweden, Denmark, Norway, Finland, Estonia, and Latvia. The company was established in 2009 and provides product design and software solutions services.
PLM Group also resells 3D printing machines from 3D Systems, HP, and MarkForged.
The PLM Group's companies include PLM Group Latvija SIA in Latvia; PLM Group Eesti OU in Estonia; PLM Group Sverige AB in Sweden; PLM Group ApS, PLM Group A/S, PLM Group 3DX ApS, and PLM Group 3D Printing ApS in Denmark; PLM Group Suomi Oy in Finland; PLM Group Norge AS in Norway; and Pronor ehf in Island.
The signing of the acquisition was announced on November 30, 2018. The acquisition-driven changes were registered in January and February 2019.
The transaction relates to Latvia, Estonia, Sweden, Denmark, Finland, Norway, and Iceland.
TGS Baltic's team was led by Partners Andra Rubene and Kadri Kallas, supported by Associates Reinis Grunte and Kart Raud.