Our pan-Baltic M&A team advised Fenner Dunlop, a part of the Michelin Group, on the acquisition of Technobalt Estonia, one of the largest conveyor services providers in the Baltics.

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.

Our client team was led by partner Piret Jesse and counsel Lauri Liivat and it included:

In Estonia: counsel Pirkko-Liis Harkmaa, senior associates Piibe Lehtsaar and Robin Teever, associates Liisa Maria Kuuskmaa and Nele Suurmets.

In Latvia: partner Eva Berlaus, counsel Andis Burkevics and senior associates Natalija Sestakova and Marika Grunte.

In Lithuania: senior associates Monika Mališauskaitė-Vaupšienė, Aurelija Daubaraitė and Jonas Kiauleikis, associates Lukas Vaišvila, Dobilė Minkutė, Jurgita Tekorienė and Sidas Sokolovas.