JAS Worldwide, the global freight forwarding services provider headquartered in the US, has signed a share purchase agreement to acquire Greencarrier Freight Services International once all regulatory approvals have been obtained from the relevant authorities.
Our pan-Baltic team conducted legal due diligence on the Greencarrier Freight Services International group companies in Lithuania, Latvia and Estonia.
Strategically important acquisition
Marco Rebuffi, CEO of JAS, says: “Through the acquisition of Greencarrier Freight Services, JAS is making a strategic acquisition to add to its position in the Nordic, Baltic, and Eastern European regions and strengthen existing operations in the UK and China. Our respective organisations have enjoyed a longstanding partnership, and we fully expect this to be a continuation of that great atmosphere of cooperation and shared entrepreneurial spirit.”
Greencarrier Freight Services International is the freight forwarding, logistics, and supply chain management division of Greencarrier Group. Headquartered in Gothenburg, Sweden, the group operates through its offices in 11 countries. It has 800 employees and offers smart and sustainable logistic solutions and supply chain management services.
JAS Worldwide covers 90+ countries between JAS offices and official agents, and has over 5,000 employees globally.
Our project team
In Estonia, the project team was led by senior associate Robin Teever and partner Piret Jesse, and consisted of counsel Pirkko-Liis Harkmaa; senior associate Mirjam Vichmann; and associates Liisa Maria Kuuskmaa, Kadri Puu and Mirjam Metsik; as well as assistant lawyer Katrina Külm.
In Lithuania, the project team was led by associate Laura Matuizaitė and partner Sergej Butov, and consisted of senior associates Simona Stančiukaitė, Vaiva Mašidlauskienė and Aurelija Daubaraitė; counsel Stasys Drazdauskas; associate Simonas Šlitas; and assistant lawyer Goda Jakubauskaitė.