Walless has advised the Eco Baltia Group on its acquisition of Pilsetas Eko Serviss via its subsidiary Latvijas Zalais Punkts.
Pilsetas Eko Serviss is a road and street maintenance company.
According to Walless, Eco Baltia is the “largest and fastest growing environmental resource management group in the Baltics. The transaction was approved by the Competition Council in December 2022 and completed in early 2023. The acquisition helps Eco Baltia Group to strengthen its leading position in the Baltic environmental management sector.”
“Our goal as shareholders is to develop Eco Baltia as a strong regional leader, characterized by sustainable entrepreneurship and a move towards a circular economy in business,” INVL Baltic Sea Growth Fund Partner and Eco Baltia Chairman of the Supervisory Board Vitauts Plunksnis commented. “With this transaction, Eco Baltia’s service portfolio will continue to grow, creating additional value for customers, employees, and investors, and increasing the company’s future growth potential.”
The Walless team included Partner Zane Eglite-Fogele and Tax Consultant Inguna Abele.
Walless did not respond to our inquiry on the matter.