Glimstedt advises: Boreo Plc acquires Elfa Distrelec’s sales operations in the Baltic states and Finlan

Law firm Glimstedt advised listed company Boreo Plc in a transaction involving the acquisition of ELFA Distrelec OÜ’s sales operations in Estonia. At the same time, Distrelec’s sales operations in Finland, Latvia, and Lithuania were also acquired.

Glimstedt has been a long-term cooperation partner for Boreo Plc and its group companies in Estonia and the wider Baltic region.

This transaction supports Boreo’s strategic goal of strengthening its presence in the Baltic market. Glimstedt’s offices in Estonia, Latvia, and Lithuania were involved in advising on the Elfa Distrelec transaction.

The cross-Baltic advisory team was led by Randu Riiberg, head of Glimstedt Estonia’s advisory team and sworn advocate, who was also responsible for the Estonian part of the transaction. The Latvian transaction was advised by Lauris Žubulis, head of the Latvian office, and the Lithuanian transaction by Aušra Maliauskaitė-Embrektė, head of the Lithuanian office.

We also advised Boreo Plc in the merger control proceedings before the Estonian Competition Authority.

This is a strategic investment that enables Boreo to strengthen its position in the electronics sales segment and expand its market share both in Estonia and across the Baltic region. The acquired unit also complements Boreo’s portfolio in the Nordics.

We greatly value our cooperation with Boreo.

Read more:

• Äripäev: “Finnish listed company acquires two Estonian companies”

• Boreo.com: “Boreo acquires Elfa Distrelec’s sales operations in Finland and the Baltic countries”

Glimstedt is one of the region’s leading international law firms, with over 250 attorneys and lawyers working in Tallinn, Vilnius, Riga, and various cities in Sweden. We help find solutions for new business opportunities and ensure confidence in their execution. Our cooperation between the Glimstedt offices in Estonia, Latvia, Lithuania, Sweden, and Ukraine (Ilyashev & Partners) ensures clients receive strong and coordinated cross-border transactional advice. glimstedt.ee

Boreo Plc is a Finnish listed company that creates value through long-term strategic acquisitions, focusing on the acquisition and development of small and medium-sized profitable, entrepreneur-led businesses. The company’s goal is sustainable long-term profitability growth. At the core of Boreo’s business model is the redirection of cash flows from acquired businesses into high-return internal investments and new acquisitions. boreo.com