Delta Plus Group has acquired Gevanta, a leading Lithuanian provider of workwear and safety footwear, enhancing its foothold in the growing Baltic PPE market.
Information on the Target
Gevanta, also known as Pesso Safety, is a prominent Lithuanian company based in Vilnius. The company specializes in the development and distribution of workwear and safety footwear, establishing a reputation for high-quality and value-added products within the Baltic region. Underpinned by sound financial performance, Gevanta has positioned itself as an essential player in the personal protective equipment space.
Industry Overview in Lithuania
The personal protective equipment (PPE) industry in Lithuania has witnessed significant growth in recent years, driven by increasing awareness regarding workplace safety and stringent regulatory frameworks. As industries expand, there is a growing recognition of the importance of protective gear in ensuring employee safety and compliance with legal requirements.
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The Lithuanian market is characterized by a mix of established local firms and international players. Local companies, like Gevanta, benefit from their ability to tai
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Disclosed details
Revenue: $400M