BaltCap to acquire a 70% stake in Hansab.

BaltCap, a private equity company, agreed to acquire a 70% stake in Hansab, an automation solutions and services provider. Financial terms were not disclosed. “Hansab is an established business that has developed a high quality and efficient service model in the fast-growing area of automation. We see many avenues to grow the business further, using BaltCap’s long-term experience in taking Baltic companies to international arena,” Kristjan Kalda, BaltCap Partner.