Ellex has advised the Consolis Group, a European provider of precast concrete solutions, on the acquisition of Estonian company TMB AS. The sellers, TMB's shareholders, were represented by Cobalt.
According to Ellex, “Consolis is a leading provider of precast concrete solutions in Europe. The group provides smart, durable precast concrete structures for the transportation, utilities and building sectors.” With more than 11,000 employees in 22 countries throughout the world, the group generated EUR 1.45 billion in revenue in 2017.
Founded in 1961, the TMB Group employs around 500 people, and its annual revenues exceeded EUR 120 million in 2017. The company is engaged in the production, sale, and installation of concrete elements.
The Ellex team consisted of Partner Sven Papp, Counsel Jaanus Ikla, and Senior Associates Gerda Liik and Martin Maesalu.
Cobalt's team included Partner Martin Simovart, Specialist Counsel Jesse Kivisaari, and Associate Liina Saaremets.