Leading wholesale distributor of automotive parts “AD Baltic” is entering the Estonian market. A part of international group “Autodistribution International”, “AD Baltic” has acquired Estonian company “Bakt Autotehnika” selling auto parts.
According to Kęstutis Tubutis, head of “AD Baltic”, the development of the company in Estonia will enable them to offer a much greater range of automotive parts and a better organization of logistics services to the market of this country.
Operating in Estonia since 1993, “Bakt Autotehnika” in 2009 achieved a turnover of 25 million Estonian kroons. “AD Baltic” has 16 divisions in Lithuania, Latvia and Belarus with 340 employees working for them. The turnover of the company in 2009 reached nearly 24 million euro. “AD Baltic” is a part of the international group “Autodistribution International” operating in 27 countries. In 2009, the ADI turnover amounted to 5.2 billion euro.
Keystone Advisers acted as advisor to the buyer AD Baltic in the transaction.
Keystone Advisers is a fully independent Corporate Finance firm offering advice related to mergers and acquisitions (M&A), divestitures, as well as various financing arrangements. The firm has advised on approximately 140 transactions to a variety of different clients in a number of sectors since the inception in 2000. Keystone Advisers is a Partner owned firm and where the founders have experience from Investment Banking and Management Consulting from some of the largest global institutions. We are a team of 12 Corporate Finance professionals at the Stockholm office and in addition we have an own organization in the Baltic countries. Keystone Advisers aims to be the leading mid-market M&A advisory firm in the Swedish market.