Balti Autoosad AS acquires AS Automeister

Balti Autoosad AS signed an agreement to acquire 100% stake in AS Automeister.

Balti Autoosad is one of the largest importers and wholesalers of car parts in the Baltics and belongs to the MEKO group. MEKO is a car spare parts company listed on the Stockholm Stock Exchange which operates in Sweden, Norway, Denmark, Finland, Poland, Latvia, Lithuania and Estonia. Automeister is engaged in the import and wholesale of car parts and accessories.

In the future, the companies plan to merge with the aim of becoming a more competitive partner for customers and suppliers and a more attractive employer.

COBALT advised the client on all aspects of the transaction, including the preparation and negotiation of transaction documents. Our team included Partner Jesse Kivisaari, Senior Associate Getter Villmann-Nõgene, Specialist Counsel Mart Blöndal, and Assistant Lawyer Karina-Anette Kiristaja.