On 6 May 2014 SweDeltaco AB has signed an agreement to acquire 100 % of the shares in UAB AG Trade, a leading Lithuanian distributor of white goods and consumer electronics, from UAB Topo Grupe. The acquisition is closed on 14 May 2014.
As a part of the agreement with UAB Topo Grupe, commercial agreements have been signed with UAB TC Prekyba, a subsidiary to Topo Grupe and the leading consumer electronics chain in Lithuania with 33 stores and a long history as customer to AG Trade. These agreements include far reaching mutual commitments and incentives for the parties to establish and expand the product portfolio of SweDeltaco in the Baltics.
In 2013 AG Trade had a turnover of 39.3 MLTL (102 MSEK) and showed a profit before depreciation (EBITDA) of 1.8 MLTL (4.6 MSEK).
In this transaction Law Firm GLIMSTEDT in Lithuania has been legal advisor to SweDeltaco and BCMS Corporate in Lithuania and Sweden has been financial advisor to Topo Grupe.