2024 08 26
Exedra Corporate Finance advises UAB GATAS on the sale to Saferoad Group
Exedra Corporate Finance has acted as an exclusive financial advisor to the shareholder of UAB GATAS, provider of road marking, and road safety equipment installation and maintenance services in the Lithuanian market since 2008, on the sale to Saferoad Group.
Saferoad is a road safety supplier in Europe with headquarters in Oslo, Norway, and operating in 13 countries with an underlying revenue of NOK 6.74 billion in 2023. The group consists of four business areas addressing the markets of Infrastructure, Restraint Systems, Services, and Traffic.
With this deal, Saferoad and GATAS will form a joint service business strengthening road safety in Scandinavia, Lithuania, Poland and beyond based on the combined know-how of both sides.
‘I want to extend a warm welcome to the employees of GATAS as they join Saferoad. GATAS has built a remarkable reputation for excellence in road safety business in Lithuania. By joining forces, we are combining our strengths and further expanding Saferoad’s international presence’, says Bernd Frühwald, CEO of Saferoad Group.
‘Our shared values and dedication to customer-centric solutions make this an exciting partnership. The talented team at Saferoad brings a wealth of expertise and experience that will complement and enhance GATAS’ existing capabilities and significantly contribute to the improved road safety in Lithuania’, says Ingrida Aleksonė, CEO of GATAS.
The finalization of the acquisition is contingent upon approvals from the Lithuanian Competition Council and the Commission for Coordination of Protection of Objects of Importance to Ensuring National Security.
Additional information:
Vytautas Gaisrys
Partner, Exedra Corporate Finance MB
Tel. +370 616 06931
vytautas.gaisrys@exedracf.com