Eesti Energia has divested its network construction subsidiary, Võrguehitus, to Leonhard Weiss Baltic Holding as part of a strategic focus shift towards the oil shale industry.
Target Company Overview
Eesti Energia Võrguehitus, a subsidiary of Eesti Energia, specializes in the construction and maintenance of electrical and communication networks. The company offers a comprehensive range of solutions from design to execution, catering to various client needs. With a skilled workforce of approximately 269 employees, Võrguehitus has solidified its position in the market, ensuring full-service electrical works that meet extensive project requirements.
As part of the strategic realignment of Eesti Energia, the decision to divest this subsidiary stems from a shift in focus towards the oil shale industry. The sale aligns with the group's long-term objectives while seeking to optimize its operational performance and resource allocation.
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Industry Overview in Estonia
The construction and maintenance of electrical networks in Estonia is a vital sector, underpinning the nation’s infrastructure development and technological advancement. Over
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Disclosed details
Transaction Size: $7M