Four Maxima LT subsidiaries sold

“All necessary information will be provided to service providers with many years of experience. We look forward to using their existing infrastructure and experience to maintain old and implement new security solutions,” says Jolanta Bivainytė, CEO of Maxima.

Closed joint stock companies Akonkagva and Eigeris were acquired by Eurocash1, which provides security and collection services, Kametas was acquired by Grifs AG and Loganas was acquired by Ekskomisarų biuras. Transactions will be completed with the necessary permits from public authorities.

According to Ekskomisarų biuras, the acquired company Loganas provides security services to approximately sixty Maxima stores located in the Kaunas region, as well as to Maxima LT logistics centers and offices. The company’s turnover in 2019 was 2.4 million. It employs more than 200 people.

“This transaction is a very important step in the development of our company. We acquired a company that has accumulated extensive experience in protecting one of the leading retailers in Lithuania. We, the Office of the Commissioners, can be proud of an experience similar, for example, guarding the Senukai shopping centers and the Iki stores. I believe that by combining our knowledge and experience, we will be able to offer merchants even more efficient and modern security solutions “, says Vytautas Labeckas, CEO of the company Ekskomisarų biuras.

The employees of the Loganas security service will continue to be subject to the provisions of current employment contracts, all jobs will be kept and the available social guarantees will be maintained. Ekskomisarų biuras and Maxima LT do not disclose the financial details of the transaction.

Vilius Makauskas, director of the security and collection services company Eurocash1, comments that the transactions are scheduled for next spring, when the necessary permits will be issued by the Competition Council of the Republic of Lithuania. , working mainly in Vilnius and Panevėžys counties. It ensures that all jobs will be preserved and that the companies’ commitment to employees will be maintained. After the merger, the total number of Eurocash1 employees in Lithuania will increase to 1,100.

“With the acquisition of two security companies, we plan to further strengthen our market position. Although the pandemic posed new challenges for our business, we reorganized our operations immediately. We offset the decline in collection revenue with revenue growth. for security services, – says V. Makauskas. “The range of responsibilities of security guards has expanded, we have started to provide individual safe deposit box rental services, and we have given customers the opportunity to request more services at line”.

“We are pleased that our team will be complemented by colleagues with experience in the security business. We constantly invest in both employee training and new technological solutions. This ensures stable business growth: this year in Lithuania we plan 7.5 percent. higher income than last year, “says the head of Eurocash1.

As Maxima LT recalls, in 2017, four closely held corporations were separated from the company and established in order to refine and focus on Maxima LT’s core business, retail. These companies, divided by region, provided security services to all Maxima LT divisions.

“We have around one hundred and a half stores, logistics centers and an administrative office throughout Lithuania. These companies will continue to provide security services to all these units, employing the same people with current labor contracts and social guarantees. They will be signed. long-term cooperation agreements with new partners ”, says J. Bivainytė.