Baltic Car Equipment
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Baltic Car Equipment - overview
Established
2006
Location
Kaunas, -, Lithuania
Primary Industry
Automobiles, Other Vehicles & Parts
About
Baltic Car Equipment specializes in the design and production of high-quality automotive components and equipment, catering to a diverse clientele in the automotive industry. Founded in 2006 in Kaunas, Lithuania, Baltic Car Equipment focuses on automotive solutions. The company was acquired by Xirgo Technologies, Inc. in June 2019, although specific details regarding the acquisition are not disclosed.
Baltic Car Equipment has maintained its operations independently since the acquisition. Baltic Car Equipment's primary offerings include a range of automotive equipment designed to enhance vehicle performance and safety. Their products are utilized by various stakeholders in the automotive sector, including manufacturers, repair shops, and automotive service providers, ensuring compatibility across different vehicle models and compliance with industry standards. In 2021, Baltic Car Equipment reported a revenue of USD 11.
82 mn and an EBITDA of USD 1. 96 mn, deriving income mainly from the sales of their automotive products and services. Looking ahead, Baltic Car Equipment aims to expand its product line with new innovations slated for launch in the upcoming years. The company is focused on entering additional markets in Eastern Europe and plans to establish a presence there by 2025.
The funding acquired during the acquisition will support these initiatives, enhancing their product development and market strategy.
Current Investors
Xirgo Technologies, LLC
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts, Analytics & Performance Software, Systems Management Software
Website
www.bce.lt
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Baltic Car Equipment - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Baltic Car Equipment | - |
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