Merger of subsidiaries
2023年9月26日 - 10:30PM
Merger of subsidiaries
Tallinna Kaubamaja Grupp AS informed the stock
exchange on the 13th of July 2023 of acquiring 100% shares of
Skarabeus Julgestusteenistus OÜ and on the 16th of August 2023 of
acquiring 100% shares of Caesari Turvateenistuse Aktsiaselts by its
subsidiary, Viking Security AS. By respective acquisitions Viking
Security AS strengthened its business in all areas of activity. The
acquiring of the companies has given positive synergy through the
fusion of strong industry know-how, the growth of operational
capability and cost-effectiveness and creates an opportunity to
continue successful growth and develop new services.
To increase efficiency, the plan is to merge the
activities of aforementioned subsidiaries in the group that are
involved in security business – both Skarabeus Julgestusteenistus
OÜ and Caesari Turvateenistuse Aktsiaselts (companies to be
acquired) will be merged into Viking Security AS (acquiring
company). The merger agreement related to the above-mentioned
merger was signed today. The merger will most likely be registered
in the Commercial Registry during December 2023.
The merged company will continue providing
high-quality security services. The resulting synergy will allow us
to provide our clients with increasingly better and perfected
solutions and continue the successful growth of the company thus
far. Tannar Tiitsar, the current member of the management board of
Viking Security AS, will continue as a member of the management
board of Viking Security AS. The supervisory board of Viking
Security AS will continue with members Raul Puusepp (Chairman), Enn
Kunila, Jüri Käo and Kristo Anton.
Viking Security AS's security equipment
wholesale subsidiary Walde AS continues to operate as a separate
company.
Raul Puusepp
Chairman of the Board
Phone: +372 731 5000
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