M&A Deal Summary

Consolis Acquires TMB Group - Finnish & Latvian Operations

On April 16, 2019, Consolis acquired building materials company TMB Group - Finnish & Latvian Operations from AS TMB GROUP

Acquisition Highlights
  • This is Consolis’ 2nd transaction in the Building Materials sector.
  • This is Consolis’ 1st transaction in Estonia.

M&A Deal Summary

Date 2019-04-16
Target TMB Group - Finnish & Latvian Operations
Sector Building Materials
Buyer(s) Consolis
Sellers(s) AS TMB GROUP
Deal Type Divestiture

Target

TMB Group - Finnish & Latvian Operations

Tartu, Estonia
TMB Group - Finnish & Latvian Operations is a manufacturer of concrete elements.

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Buyer(S) 1

Buyer

Consolis

Brussels, Belgium

Category Company
Founded 2005
Sector Building Materials
Employees8,000
Revenue 123M EUR (2006)
DESCRIPTION

Consolis was formed by combining Consolis Oy Ab and French Bonna Sabla. Consolis is a precast concrete based solution provider and manufacturer of structural precast concrete elements. Consolis was founded in 2005 and is based in Brussels, Belgium.


DEAL STATS #
Overall 3 of 3
Sector: Building Materials M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: Estonia M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Groupe La Nive

France

Groupe La Nive ("La Nive"). Founded in 1991, La Nive manufactures precast concrete products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 Sateba Group

Paris, France

Sateba Group consists of a portfolio of brands that designs and manufactures sleepers and other precast concrete products for railways for close to 100 years. Sateba Group was founded in 1925 and is based in Paris, France.

Sell -

Seller(S) 1

SELLER

AS TMB GROUP

Tartu, Estonia

Category Company
Founded 1961
Sector Building Materials
DESCRIPTION

AS TMB GROUP is a producer of concrete elements in the Baltics and Finland. AS TMB GROUP was founded in 1961 and is based in Tartu, Estonia.


DEAL STATS #
Overall 1 of 1
Sector: Building Materials M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Estonia M&A 1 of 1
Year: 2019 M&A 1 of 1