TGS Baltic in cooperation with Vinge assisted Lagercrantz Group (publ) (Sweden) in the acquisition of shares from Libra-Plast (Norway) having group companies in Latvia.

20.05.2021 TGS Baltic in cooperation with Vinge assisted Lagercrantz Group (publ) (Sweden) in the acquisition of shares from Libra-Plast (Norway) having group companies in Latvia.

TGS Baltic and Vinge assisted Lagercrantz Group AB (publ) (Norway), a technology group company listed in Stockholm Stock Exchange, in acquiring 75% of the shares in the Norwegian company Libra‑Plast AS (https://www.libra.no/). TGS Baltic ensured all the necessary transactional support with respect to Libra-Plast group companies in Latvia – Libra Plast SIA and Lanos SIA.

TGS Baltic and Vinge assisted Lagercrantz Group AB (publ) (Norway), a technology group company listed in Stockholm Stock Exchange, in acquiring 75% of the shares in the Norwegian company Libra‑Plast AS (https://www.libra.no/). TGS Baltic ensured all the necessary transactional support with respect to Libra-Plast group companies in Latvia – Libra Plast SIA and Lanos SIA.

Libra-Plast is a market leader in premium quality doors, hatches, and storage units to the marine industry. The customer base is shipyards in Norway, Europe, and North America. The company generated annual sales of approximately NOK 177 million (approx. EUR 17.7 million) in 2020 with an EBITDA of approximately NOK 28 million (approx. EUR 2.8 million). Libra-Plast sells its products all over the world with subsidiaries in Norway and Latvia and a minority interest in a company in Vietnam.

TGS Baltic partner Andra Rubene assisted by associates Toms Tidemanis and Kaspars Treilibs advised on the deal.

More detailed information can be found here: https://www.lagercrantz.com/en/press-archive