26.06.2017

News

NJORD Estonia advised AXIOMA LT UAB in acquisition of Aktsiaselts REMEKSI KESKUS

NJORD law firm acted as a buyer-side legal advisor in the acquisition of Aktsiaselts REMEKSI KESKUS by AXIOMA LT UAB, a Axis Industries Group company. We assisted the client in completing a legal due diligence, obtaining merger clearance and provided transaction advise.

Aktsiaselts REMEKSI KESKUS was established in 1994 on the basis of a fertilizer plant. The company has a long experience in the manufacturing of metal structures and products for chemical, pulp and mining sectors. Aktsiaselts REMEKSI KESKUS major projects include Petroter factories ordered by VKG Group, flow line and equipment ordered by Stora Enso and Bensoflex production factory ordered by Velsicol Chemical Corporation.

AXIOMA LT UAB, which is part of the Axis Industries Group, is engaged in the production and installation of a selection of metal products for industrial and energy sectors. Axis Industries AB and Axis Technologies AB turnover in 2015 was 22.5 MEUR. Axis Industries UAB already operates in Estonia building the second VƤo heat and electricity co-generation station for Utilitas.

Axis Industries Group belongs to ICOR Group, which comprises of approximately 140 companies operating globally in four main areas: utilities, industry and energy, real estate, and oil products.

The advising team was led by partner Anne Veerpalu and consisted of partner Veikko Toomere, associate Jelizaveta Rastorgujeva, lawyers Raimo Klesment and Triin Kaurson.

Coverage of the transaction in the media:

http://www.axioma.eu/en/news/Axis-Industries-group-will-join-the-Remeksi-Keskus-Estonian-metal-processing-company

http://www.aripaev.ee/uudised/2017/05/08/leedukad-ostavad-ida-viru-metallitoostusfirma

http://www.aripaev.ee/uudised/2017/05/19/ida-viru-metallitoostusfirma-muuk-sai-rohelise-tule

http://majandus24.postimees.ee/4117755/leedukate-ettevote-sai-loa-remeksi-keskuse-ostuks

http://www.toostusuudised.ee/uudised/2017/05/08/leedukad-ostavad-ida-viru-metallitoostusfirma

http://www.agency.ee/News/as_remeksi_keskus_sold_to_the_lithuanian_company

http://dea.digar.ee/cgi-bin/dea?a=d&d=pohjarannik20170520.2.6.7

Latest news

NJORD Estonia: Initial Coin Offering – technology meets the law

NJORD sponsored the event devoted to Initial Coin Offering organized by Estonia Legal Hackers on 21 September 2017. ICO (Initial Coin Offering) is a hot topic nowadays. Since 2017 the total amount of money raised in ICO is about $ 2,000,000,000 which is in 11 times bigger than for the whole 2016. It comes as […]

Great news for Estonia: From the new year, resolving employment related disputes will become easier and more efficient

During the summer of 2017, the Estonian Parliament passed a new Labor Dispute Resolution Act (hereinafter Act), which enters into force on 01.01.2018. The goal of the Act is to create an efficient and up-to-date system to resolve labor disputes extrajudicially: to ensure quick processing of applications received by the labor dispute committee, high-quality decisions […]

Get the latest legal news

We gladly share our knowledge with you. Subscribe to our newsletters.

Subscribe here