Estonia, Legislation, Markets and Companies, Mergers and take-overs
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Thursday, 25.04.2024, 10:01
Estonian research company Rait buys GfK's Baltic operations
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After the deal has taken effect the new name of IA GfK Custom Research Baltic will be SIA Rait Custom Research Baltic
and the company is to continue with its present operations. The deal does not
concern the enterprises of GfK Retail and
Technology, Rait said.
"The merged companies will make up a strong service provider in the
Baltic countries that has more than 40 employees, and three top-notch offices
in Tallinn, Riga and Vilnius," the CEO of Rait, Kaspar Janes, said
in a press release. Janes did not want to disclose the price of the deal to BNS
due to an agreement between sides.
In the future Rait is the
official partner of GfK in the Baltic
countries. Mara Taurina is to
continue as the CEO of SIA Rait Custom Research Baltic.
The 2016 revenue of SIA GfK Custom
Research Baltic was 1.2 million euros and profit 39,600 euros.
«The Baltic Course» Is Sold and Stays in Business!
