The merger of Eco Baltia vide and Pilsētas Eko Serviss has been completed
In order to further streamline the management and structure of JSC (AS) Eco Baltia and to improve the range and quality of services to customers, the road maintenance company LLC (SIA) Pilsētas Eko Serviss has been merged into the Group’s leading environmental management company LLC (SIA) Eco Baltia vide as a result of the reorganisation. All rights and obligations of the company will be transferred to Eco Baltia vide as of 1 December.
“Eco Baltia vide continues to develop and expand its range of services. We recognise the inherent challenges of road management and repairs in Latvian conditions. Therefore, our focus is on efficiency and quality of services within Eco Baltia vide to ensure the highest standards are met. The addition of Pilsētas Eko Serviss to Eco Baltia vide means that the ranks of our company’s professionals will be joined by experienced experts in their field, which in turn will bring positive changes for our customers through even more valuable and higher quality services,” says Jānis Aizbalts, Chairman of the Board of Eco Baltia vide.
In January this year, Eco Baltia vide, the environmental management company of the largest environmental resource management group in the Baltics, Eco Baltia, through its subsidiary, completed the acquisition of Pilsētas Eko Serviss, a road and street maintenance company. The merger took place in several stages and was completed on 1 December.
With the merger, Pilsētas Eko Serviss has ceased to exist and all rights and obligations will be taken over by Eco Baltia vide, about which the company’s customers and partners will be informed separately. As a result of the reorganisation process, the employees of Pilsētas Eko Serviss will receive an improved benefits package, a bonus system, training and development opportunities in line with Eco Baltia’s standards, thus ensuring even more favourable overall working conditions as well as professional development opportunities within the Group.
Founded in 2003, Pilsētas Eko Serviss provides services such as road and street maintenance, maintenance and repair of water drainage systems and equipment rental. The company is one of the leading providers of road maintenance services in the Riga and Pierīga regions, where work will continue to be carried out by Eco Baltia vide. The turnover of Pilsētas Eko Serviss was EUR 5.7 million in 2021. The company has around 70 employees.
About Eco Baltia vide:
Eco Baltia vide is an environmental management company providing a wide range of environmental management services – municipal and sorted waste collection, packaging waste management, construction and bulky waste management, area cleaning and various seasonal services.
The company employs over 500 people in Latvia. Eco Baltia vide closed 2022 with a turnover of EUR 49.32 million, 44% more than in 2021. Eco Baltia vide is part of JSC Eco Baltia, the largest environmental resource management and recycling group in the Baltic States, offering a complete waste management cycle from collection to recycling. Eco Baltia closed 2022 with its highest ever consolidated revenue of EUR 210.0 million, up 75.0% from EUR 120.0 million in 2021.
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