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Ellex Valiunas Advises HKW on Acquisition of Baltic Car Equipment

Ellex Valiunas Advises HKW on Acquisition of Baltic Car Equipment

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Ellex Valiunas has advised US private equity company Hammond, Kennedy, Whitney & Company, HKW, and its affiliated company Xirgo Technologies on their acquisition of a 100% stake in Baltic Car Equipment, a Lithuanian company which manufactures electronic equipment and develops IT solutions for transport and agricultural machinery.

According to Ellex Valiunas, "Xirgo Technologies provides wireless IoT solutions such as insurance telematics, fleet management, asset tracking and control, transport logistics, and mobility. It is a subsidiary of HKW, a US-owned private equity company, which invests in small and medium-sized private companies, primarily in the B2B and medical and health sectors."

The Ellex Valiunas team included Partners Paulius Gruodis and Giedrius Stasevicius, Associate lawyer Mantas Juska, and Lawyer Arvydas Gruseckas.

Ellex Valiunas did not reply to our inquiry on the matter