News of the Company
Invalda privatus kapitalas AB will acquire control stake in Švytėjimas UAB2016-04-11
11th April 2016. Invalda privatus kapitalas AB has signed an agreement on acquisition of 67 percent stake in metalworking company Švytėjimas UAB.
The new shares to be acquired will be issued by the company after receiving the permission from the competition regulating body. The amount of the deal is undisclosed.
„We have acquired an experience in management of different businesses. We will transfer that experience to this new and attractive segment“, – said Dalius Kaziūnas the CEO of Invalda privatus kapitalas AB.
Current CEO and founder of Švytėjimas UAB, Valdas Kazakevičius will retain his position. He will hold a position in the company’s board as well. There are no planned changes in current staff structure.
Švytėjimas revenue in 2015 reached 5,4 mEUR.
Dalius Kaziūnas, CEO
Tel. +370 618 44001