Primus has represented the AUGA Group in int acquisition of 100% shares of UAB Arginta Engineering for EUR 6.4 million. Arginta Engineering was represented by Ellex Valiunas. Closing is contingent on the approval of the Competition Council of the Republic of Lithuania.
Primus describes the AUGA Group as "Europe’s largest organic food producer." According to the firm, "the group of companies manages approximately 33,000 hectares of organically certified arable land and develops sustainable farming model, based on new technologies, specializing in crops, dairy cows, chicken, and mushroom growing. This acquisition will strengthen AUGA group’s competencies in technology sector."
UAB Arginta Engineering specializes in the design and manufacture of non-standard metal constructions, with 98% of its products being exported.
The Primus team included Partners Giedre Dailidenaite and Ernesta Ziogiene.
The Ellex Valiunas team included Partner Dovile Burgiene and Senior Associates Ruta Besusparyte and Julija Nikitaraviciene.