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Deloitte Legal and PNSA Advise on Bico Industries Acquisition of Iranga Technologijos

Deloitte Legal and PNSA Advise on Bico Industries Acquisition of Iranga Technologijos

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Deloitte Legal Lithuania and Popovici Nitu Stoica & Asociatii have advised Bico Industries on its EUR 3.2 million full acquisition of Iranga Technologijos. Triniti Jurex reportedly advised the sellers.

Lithuania's Iranga Technologijos operates in the construction and technical textile market, offering solutions for textile fiberglass production and composite materials by lamination.

Bico Industries is a fiberglass mesh manufacturer in Central and Eastern Europe. The company also incorporates Terra, Europlas Lux, and now Iranga Technlogijos and has over 450 employees and five production centers in Romania, Moldova, and Lithuania. Bico is owned by Roca Industry, a Bucharest Stock Exchange AeRO Market-listed company.

Back in 2022, PNSA and Deloitte Legal also advised on Bico Industries' acquisition of the Terra Impex Group (as reported by CEE Legal Matters on April 13, 2022). 

The Deloitte Legal team included Legal Partner Tomas Davidonis, Associate Partner Gintare Stoniene, Managing Associate Tomas Mieliauskas, Senior Associate Ieva Vaisnore, and Associate Greta Lebednykaite.

The PNSA team included Partners Silviu Stoica and Raluca Rusu and Managing Associate Vlad Ambrozie.

Editor's Note: After this article was published, Triniti Jurex confirmed it had advised the seller. The firm's team included Partner Giedre Ciuladiene and Associate Partner Marius Tamosiunas.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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