Raglor OÜ is set to acquire UAB Avitelos prekyba, a leading Lithuanian electronics retailer, to bolster its market presence and enhance operational efficiency in the region.
Target Information
Raglor OÜ, the parent company of the Euronics technology retail brand operating in Estonia and Latvia, is in the process of acquiring UAB Avitelos prekyba, a leading electronics retail chain in Lithuania. This acquisition is part of a strategic initiative to enhance Avitelos prekyba's competitive edge and expand its market share in the Lithuanian retail sector.
The company Avitelos prekyba, which operates under the names Avitela and Elektromarkt, has a robust presence in Lithuania with 26 stores across 18 towns. The acquisition will facilitate access to a wider array of products through Euronics' extensive logistics and supply chain, ultimately benefiting Lithuanian consumers with enhanced offerings and pricing strategies.
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Industry Overview in Lithuania
The electronics retail industry in Lithuania has shown significant growth over the past few years, driven by increasing consumer demand for technology products and household appliances. With a population that is rapidly adopting digital
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