We advise Veho on its acquisition of Silberauto, an Estonian importer and retailer of Mercedes-Benz vehicles in Estonia and Lithuania, from Mr Väino Kaldoja.
Veho, founded in 1939, is a leading Finnish car import and retail company with operations in Finland, Sweden and Baltics. Veho’s operations comprise versatile transportation services and solutions from passenger cars to heavy-duty vehicles. In 2018, Veho’s turnover was approximately EUR 1.2 billion.
Silberauto acts in the Estonian and Lithuanian market and, in addition to importing and retailing of Mercedes-Benz vehicles, its operations comprise import and retail of Mitsubishi, Maserati and Jeep vehicles. In 2018, Silberauto’s turnover was approximately EUR 387 million and it had more than 500 employees.
Completion of the transaction is subject to customary closing conditions.