Conveyor services in focus
Founded in 1994, Technobalt operates mainly in Estonia, Latvia and Lithuania. Their main activity is the maintenance of conveyor systems and the sale of spare parts, as well as the design, sale and installation of conveyors, related equipment and accessories.
As a result of the transaction, Michelin Group will acquire all of the shares of Technobalt. The deal will be closed following approval from the Estonian Competition Authority. After closing, Technobalt will be a subsidiary of Michelin Group.
Our services and client team
We acted as the sole legal advisor for Michelin in all Baltic states in all stages of the transaction, including structuring the deal, conducting legal due diligence, negotiating and preparing transaction documents, as well as advising on matters related to competition law.