TGS Baltic has represented Lithuanian waste management company UAB Ecoservice on its acquisition of a controlling 66.31% interest in UAB Marijampoles Svara from UAB Alga. The remaining shares are held by the Marijampole Municipality of Lithuania and a private individual.
According to TGS Baltic, ”the implemented transaction will enable UAB Ecoservice to carry out its activities more efficiently and improve the quality of waste management in Marijampole, Kalvarijos, Sakiai, Kazlu Ruda, and Vilkaviskis.”
UAB Ecoservice is a waste management company in Lithuania engaged in collection, carriage, treatment of different waste, urban cleaning, and street maintenance. UAB Ecoservice is indirectly controlled by investment company BaltCap. At the end of 2017, the Group’s consolidated income amounted to EUR 30.9 million, and the consolidated net profit was EUR three million. In 2017 the Group had 603 employees.
The TGS Baltic team consisted of Partners Marius Matonis and Dalia Tamasauskaite-Ziliene, Associate Partner Aurimas Pauliukevicius, and Associate Indre Vickaite-Liatuke.
TGS Baltic did not reply to our inquiries on the matter.