Infortar Expands Portfolio with Acquisition of Leading Printer
Infortar's Strategic Acquisition of Tallinna Raamatutrükikoja
Infortar is making significant strides in its growth strategy by signing a share purchase agreement to acquire a commanding 100% shareholding of Tallinna Raamatutrükikoja Osaühing (TRT). This agreement sets the stage for Infortar's enhanced operations in the printing sector.
Details of the Acquisition Agreement
Infortar and ViroInvestment OÜ finalized this vital agreement, marking an exciting phase in the development of TRT, which is recognized for its excellence in book printing. However, the successful completion of this transaction hinges on securing approval from the Competition Authority, along with fulfilling additional operational conditions.
The Importance of Market Consolidation
Priit Tamme, the Deputy Managing Director of Infortar, highlighted the strategic value of this acquisition by emphasizing the advantages of consolidation within manufacturing and export industries. Such moves are essential for gaining market efficiency, which is crucial for securing competitive positions in both domestic and international markets.
About Tallinna Raamatutrükikoja Osaühing
TRT stands as a significant player in the printing industry, producing around 5 million printed materials annually. The company, which employs 104 individuals, boasts expansive production and warehouse facilities that span approximately 8,000 square meters, making it a robust contributor to the local economy.
A Broader View of Infortar’s Business Interests
Infortar, a prominent enterprise, operates across seven different countries and engages in several sectors including energy, maritime transport, and real estate. The company also holds significant ownership stakes in major entities, such as a 68.47% stake in Tallink Grupp and a complete stake in AS Eesti Gaas. Its diversified portfolio features an impressive real estate collection of about 113,000 square meters.
Additional Ventures and Development
Beyond its core domains, Infortar is actively involved in construction, mineral resources, agriculture, and even taxi services. The group comprises a total of 104 enterprises, encompassing 95 subsidiaries, 4 affiliated firms, and 5 companies that are indirectly controlled, indicating a vast network within various industries.
The Future Outlook
This acquisition comes as part of Infortar’s strategic effort to bolster its market position and expand its operational capabilities. With the addition of TRT, Infortar is well-positioned to leverage synergies within its diverse business portfolio, along with enhancing production efficiencies in the highly competitive printing sector.
Frequently Asked Questions
1. What is the significance of Infortar's acquisition of TRT?
The acquisition enhances Infortar's printing capabilities, allowing for increased efficiencies and competitive positioning in the market.
2. What are the preconditions for closing the transaction?
Approval from the Competition Authority and the completion of additional operational actions are necessary for finalization.
3. How many employees does TRT have?
TRT employs 104 people, contributing significantly to the local job market.
4. What is Infortar's primary area of operations?
Infortar primarily operates in energy, maritime transport, and real estate while being involved in various other sectors.
5. Who can be contacted for more information regarding the acquisition?
Kadri Laanvee, Investor Relations Manager at Infortar, can be reached via phone or email for further details.
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