Sorainen is advising Elektrobalt and the Würth Group on the acquisition of Gaudrë, a leading company in the lighting solutions market in Lithuania.
Elektrobalt together with W.EG. Eesti in Estonia and Baltikelektro in Latvia, represents the Würth Electrical Wholesale Group (W.EG) in the Baltic States. Serving customers in the residential, infrastructure and industrial markets, Elektrobalt offers a broad range of electrical products, services and consultancy.
Ulrich Liedtke, Executive Vice President of the Würth Group and responsible for W.EG in Central and Eastern Europe, comments: “Based on its strong appreciation of local entrepreneurship, the W.EG comprises companies which are strong regional or national players. In this tradition, Gaudrë will continue its operations while enjoying the benefit of drawing on central resources and joining hands for co-operation with existing W.EG companies in these countries”.
Sorainen is assisting Elektrobalt and the Würth Group on all legal matters related to acquisition of Gaudrë. The Sorainen team in the transaction, led by partner Sergej Butov, includes senior associate Deimantė Pagirienė with associates Laura Ryzgelytė, Juliana Pavilovska and others.