We advised Consolis Group on the acquisition of TMB AS
Ellex Raidla team advised Consolis Group, Europe’s leading provider of precast concrete solutions, on the acquisition of Estonian company TMB AS.
Consolis is a leading provider of precast concrete solutions in Europe. The Group provides smart, durable precast concrete structures for the transportation, utilities and building sectors. With more than 11,000 employees in 22 countries throughout the world, the Group generated €1.45 billion in revenue in 2017.
TMB is a company engaged in the production, sale and installation of concrete elements. Its subsidiaries are: OÜ TMB Element (in Estonia), SIA TMB Elements (in Latvia), Bygg Element Sverige AB (in Sweden) and Betonimestarit OY (in Finland). TMB Group employs around 500 people and its annual revenues exceeded €120 million in 2017.
The deal was led by Partner Sven Papp, Counsel Jaanus Ikla, Senior Associates Gerda Liik, Martin Mäesalu.