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International Internet Magazine. Baltic States news & analytics Monday, 21.09.2020, 15:59

Nordic business consultancy Miltton buys 95 pct of Estonian PR company JLP

BC, Tallinn, 06.12.2018.Print version
he group of Nordic business consultancies Miltton Group has acquired 95% of the shares in the Estonian communication consultancy JLP, reported LETA/BNS.

The consolidation will create a team of 20 professionals whose ambition is to provide companies of the region with strategic consultancy service based on the most state-of-the-art international know-how and expertise, Miltton said. 

The founder of JLP, Kristi Liiva, described the merger with the group of Nordic consultancies as a major leap in the company's development.

Liiva will continue to be one of the owners of the new business.

Annika Arras, managing partner of Miltton Estonia, said their ambition was to establish a new strategic communication company that offers a synthesis of all fields of business consulting. She said the company was building up in Estonia a consulting model with integrated services that is already functioning in Helsinki and Stockholm.

Mathias Jarnstrom, founder and manager of Miltton Grupp, said the expansion of the company's business to Estonia was an important step in their growth strategy.

The owners of Miltton New Nordics OU, the holding company of the Miltton operation in Estonia, are Miltton Grupp with a stake of 70%, Annika Arras with 12.5%, Martin Kukk with 10% and Kristi Liiva with 7.5 % via legal entities.

Karita Sall, manager and partner of JLP, will continue as owner of a 5% stake, while Mari-Liis Kitter, Martin Rits and Marek Unt will continue as partners. In addition to Arras and Kukk, Randel Lants and Rannar Vassiljev will continue as partners at the Miltton company for government relations.

Founded in 2001, Miltton Group is active in Helsinki, Stockholm, Brussels, Tallinn and Washington. Miltton started business in Estonia in 2016, focusing first and foremost on the provision of government relations related expertise.

JLP, founded in 2005, is a provider of communication, brand and change management consultancy services.

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