LMT group company SIA “LMT Retail & Logistics” received the permission of the Competition Council and purchased “Elektronika Serviss Group”, which includes interconnected Latvian companies SIA “Elektronika Serviss” and SIA “Servicenet”, as well as Estonian companies AS “Speleta” and OU ” Servicenet EE’.
With the addition of the “Elektronika Serviss Group” companies, “LMT Retail & Logistics” will expand its field of competence and activity, and in the future, in addition to the service of mobile phones, smart devices and tablets, which until now was provided by cooperation with the TSC brand, it will also provide customers with the highest quality repair of computer equipment and household appliances level. Similar to TSC, “Elektronika Serviss Group” companies are also after-sales service providers, but in other product categories, focusing more on the repair of computers, televisions and other household appliances.
Rinalds Kalniņš, chairman of the board of “LMT Retail & Logistics”, emphasizes: “With the completion of the transaction, we have become the leaders in the repair and service of smart equipment in the Baltics. “Elektronika Serviss Group” companies have particularly extensive experience in the repair of small and large household appliances and authorizations for more than 60 different brands. By combining the power and experience of TSC and these companies, we will be able to expand the existing range of electrical engineering service services, as well as meet the growing demand and promote the export of Latvian services.”
LMT Retail & Logistics’ leading financial advisors in the transaction are Superia. Legal advice on the transaction is provided by “ZAB Eversheds Sutherland Bitāns”.
