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Green Landscaping Group expands in Lithuania through the acquisition of UAB Economus
We advised Green Landscaping Group, an international group specialising in outdoor maintenance, on its acquisition of UAB Economus, which has annual sales of approximately EUR 3.4 million. Founded in 2006, Economus offers a full range of children’s playgrounds, outdoor gym installations, and maintenance services in Lithuania. This is our client’s second acquisition in Lithuania. In […]
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Palo Alto Networks to acquire Chronosphere
We acted as the Lithuanian legal advisor for Palo Alto Networks, the global cybersecurity leader, on its entry into a definitive agreement to acquire Chronosphere, a next-generation observability platform built to scale for the AI era. Under the terms of the agreement, Palo Alto Networks will acquire Chronosphere for a total consideration of USD […]
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Espersen sells fish product plant in Klaipėda FEZ
We advised the Danish company A. Espersen A/S, a leading global producer of fish products, and its Lithuanian subsidiary UAB Espersen Lietuva on the sale of the real estate and equipment forming a fish product plant located in the Klaipėda Free Economic Zone to UAB Atlas Premium Lietuva. As a part of the transaction, Espersen […]
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ELKO Group acquires Deltaco Baltic
We advised Aurdel Sweden, part of the DistIT Group, on the sale of 100% of the shares in Deltaco Baltic to ELKO Group. The sale price amounts to EUR 3 million, and the transaction is subject to customary regulatory approvals. As part of the deal, a Distribution Agreement was signed between Aurdel Sweden AB and […]
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Etapay Investicija acquires e-money institution Verse Payments Lithuania
We advised DECENTRALIZED GLOBAL PAYMENTS, S.L., a part of Block Inc. group, in the sale of its subsidiary holding an e-money institution license, Verse Payments Lithuania, UAB. This transaction marks a significant step in the fintech sector and opens new opportunities in the financial services market. It is expected, that the new owners will continue […]