TGS Baltic advised shareholders of Milviteka, Lithuanian market leader in manufacturing and installation of bulk handling solutions, on the company's sale to Precia Molen

13.12.2019 TGS Baltic advised shareholders of Milviteka, Lithuanian market leader in manufacturing and installation of bulk handling solutions, on the company's sale to Precia Molen

On December 11, Precia Molen, France's industrial and commercial weighing leader, acquired 100% of UAB Milviteka. As it is stated in public disclosure, this acquisition will help to widen Precia Molen product and service range and will reinforce its presence in Russia, Scandinavia, and Eastern European countries. The CEO of the company who was one of the shareholders before the acquisition will keep his position in Milviteka.

Precia Molen is a French leader in the design, manufacturing, and maintenance of systems and solutions of industrial and commercial static weighing.

Milviteka, which was established 24 years ago and employs over 60 people in its site close to the Baltic seaport of Klaipeda, Lithuania, designs and manufactures bulk material handling solutions including various types of conveyors. 

TGS Baltic team advised the shareholders of Milviteka on all the matters in connection with the transaction. The project was led by Partner Dalia Tamašauskaitė-Žilienė alongside Associate Julija Skardžiūtė.