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Consolis Group aquires TMB

Consolis Group, owned by the US investment firm Bain Capital, aquires TMB, a producer of concrete elements. TMB has concrete factories in Estonia, Finland and Latvia. The transaction is subject to regulatory approvals.

TMB operates since 1961 and employs more than 500 people. The company generated €124 million in revenue (operating profit €17.9 million) in 2017.

Consolis is a leading precast concrete solutions provider in Europe. With more than 11,000 employees in 22 countries, the group generated €1.45 billion in revenue in 2017.

Investement Agency partner Sulev Raik advised TMB Group in the deal.

Press release from TMB: