Baltijos Liftai has been acquired by Kauno Liftai
The owners of Baltijos Liftai have sold the company to Kauno Liftai, a local competitor.
Baltijos Liftai, together with its subsidiary Šiaulių Liftas, provides maintenance, repair and installation services for elevators, escalators and lifting equipment in Lithuania.
Kauno Liftai started its activities more than four decades ago. The company is one of the largest elevator organizations in Lithuania. Its areas of activity include elevator production and technical maintenance and repair, selection of devices/equipment, design, consulting, sales and installation, renovation and replacement, and staff training. Kauno Liftai services official institutions, educational and medical buildings, factories, retail chains, hotels, builders of residential and public buildings, and multi-apartment housing associations.
Oaklins’ team in Lithuania acted as M&A advisor to the seller in this transaction.
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