Sorainen has advised JAS Worldwide on its acquisition of Greencarrier Freight Services International from the Greencarrier Group.
The transaction remains contingent on regulatory approval. Financial details were not disclosed.
JAS Worldwide is a US-based global freight forwarding services provider.
Greencarrier Freight Services International is described by Sorainen as “the freight forwarding, logistics, and supply chain management division of the Greencarrier Group.” The company is headquartered in Gothenburg, Sweden, and it employs around 800 people in 11 countries.
“Through the acquisition of Greencarrier Freight Services, JAS is making a strategic acquisition to add to its position in the Nordic, Baltic, and Eastern European regions and strengthen existing operations in the UK and China,” commented Marco Rebuffi, CEO of JAS Worldwide.
Sorainen's team included Lithuania-based Partner Sergej Butov, Counsel Stasys Drazdauskas, Senior Associates Simona Stanciukaite, Vaiva Masidlauskiene, and Aurelija Daubaraite, Associates Simonas Slitas and Laura Matuizaite, and Assistant Lawyer Goda Jakubauskaite; Latvia-based Partner Eva Berlaus, Senior Associates Natalija Sestakova and Zanda Frisfelde, and Associate Maris Simulis; and Estonia-based Partner Piret Jesse, Counsel Pirkko-Liis Harkmaa, Senior Associates Robin Teever and Mirjam Vichmann, Associates Liisa Maria Kuuskmaa, Kadri Puu, and Mirjam Metsik, and Assistant Lawyer Katrina Kulm.
Sorainen did not reply to our inquiry about the deal.