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Primus Derling Advises SBA Furniture Group on Acquisition of Robotex

Primus Derling Advises SBA Furniture Group on Acquisition of Robotex

Lithuania
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Primus Derling has assisted the SBA Furniture Group in the acquisition of 80% shares in Robotex, a specialized robotics and production automation solutions company.

SBA Furniture Group is a furniture manufacturer was founded in 1990. The company concentrates on furniture, apparel, business centers, and investment management. SBA Concern consists of 30 enterprises running in Lithuania and foreign countries. The company exports 90% of its production to nearly 40 world countries.   

Robotex is a robotics and automation solutions company founded in 2009. The company specializes in the integration of robots in industrial enterprises and aims at increasing production efficiency, production quality, and reduce production costs.

Robotex has implemented robots in Latvia, Germany, Ireland, France, Czech Republic, and Belarus. In addition to the SBA Group, the current and former customers of the company also include Ikea Industry Lietuva, Teltonika, Maxima, Iki, and Nordic Sugar.

“Over the past years, the SBA Furniture Group has been actively robotizing and automating the production processes of its companies: several robots are being implemented each year,” said SBA Furniture Director General Audrius Bendaravicius. “Our long-term partner Robotex is a significant contributor. By acquiring this company, we will be able to use the highest competences of robot implementation and monitoring, as well as implement even more innovative, productivity-enhancing solutions in the SBA Furniture Group and beyond.”

The Primus Derling team consisted of Partner Giedre Dailidenaite and Senior Associate Sarune Prankonyte-Segen. 

Lithuanian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. 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 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

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

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