Glimstedt has been a long-term cooperation partner for Boreo Plc and its group companies in Estonia and the Baltic region more broadly.
As part of the transaction, Boreo Plc acquires Spetselektroodi AS – one of the leading distributors of metalworking equipment and tools in Estonia, and the official representative of internationally recognized brands such as Fronius and Hypertherm.
The Glimstedt transaction team advising Boreo Plc throughout the acquisition process was led by Randu Riiberg, partner and head of the practice area, together with attorney Maria Veermäe and legal counsel Liis Rinaldo.
We greatly value our collaboration with Boreo and are proud to have supported their expansion into the Estonian market.
Glimstedt is one of the region’s leading international law firms, with over 200 attorneys and lawyers working in Tallinn, Vilnius, Riga, and various cities in Sweden. We offer comprehensive and bold legal solutions, contributing to our clients’ success stories. We help identify solutions for new business opportunities and ensure confidence in their execution. Our close cooperation between the Glimstedt offices in Estonia, Latvia, Lithuania, Sweden, and Ukraine (Ilyashev & Partners) enables clients to work with a unified Baltic–Nordic transactions team. glimstedt.ee
Boreo Plc is a Finnish listed company that creates value through long-term strategic acquisitions, focusing on acquiring and developing small and medium-sized profitable, entrepreneur-led businesses. The company’s objective is sustainable long-term profitability growth. Boreo’s business model is based on directing the cash flows of acquired businesses into high-return internal investments and new acquisitions. boreo.com
Spetselektroodi AS operates entirely in Estonia and is a well-known distributor of welding and cutting equipment, with nearly 30 years of experience in selling metalworking equipment and accessories. spetselektroodi.ee
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