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KPMG Baltics and KPMG Law supported the management and the minority shareholders of APE Motors in the acquisition of shares from the majority shareholder (Management Buy-Out - MBO), and the acquisition of a subsidiary in Estonia. As part of the process, KPMG in Latvia structured the deal, assisted in the attraction of a bank loan and provided legal support in all stages of the transaction, including drafting documents and deal closure.

AS KPMG Baltics, KPMG in Sweden and KPMG Law in Latvia supported the sale of OSS Networks. As a result of the deal, OSS Networks, the leading IP telecom and cloud services company in Latvia, merged with the fastest growing provider of unified communications in Europe, ENREACH, which thus notably expanded its presence in Europe.

The KPMG 2021 CEO Outlook, which asked more than 1,300 global CEOs about their strategies and outlook over a 3-year horizon, finds that 60 percent of leaders are confident about the global economy's growth prospects over the next 3 years (up from 42 percent in the January/February’s pulse survey).

“We are proud to announce that KPMG in Latvia and Lithuania will add their entities to our Swedish one. On a global level, we see an increased demand on professional services to become even more integrated as it promotes uniformity towards clients and safeguards quality in deliveries. The merger of our entities is the result of an extended period of preparations, and is a natural part of KPMG’s international development of deepened partnerships and collaboration. It will enable future investments and continued digital transformation. Together, we become an even stronger KPMG in the region,” says Björn Hallin, Chairman of the Board at KPMG Sweden.