Saferoad Gains Green Light for Gatas Acquisition
Deal News | Jun 05, 2025 | CEE Legal Matters
Sorainen has successfully advised Saferoad, a road traffic safety service provider, on obtaining regulatory clearance from the Lithuanian Competition Council for the acquisition of Gatas. Gatas operates in the transport infrastructure sector in Lithuania, and the approval enables Saferoad to acquire 100% of Gatas’s shares. The Sorainen legal team comprised of Partners Daivis Svirinas and Laimonas Skibarka, Senior Associate Linas Petronaitis, and Associate Danas Sniute.
Sectors
- Transport Infrastructure
- Road Traffic Safety
- Legal Services
Geography
- Lithuania – Both the acquiring company Saferoad and the target company Gatas are involved in the Lithuanian market.
Industry
- Transport Infrastructure – Gatas operates within the transport infrastructure sector in Lithuania.
- Road Traffic Safety – Saferoad is a provider within the road traffic safety services industry.
- Legal Services – Sorainen provided legal advisory services for the acquisition process.
Financials
- 100% – Represents the total percentage of shares in Gatas acquired by Saferoad.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Saferoad | Acquirer | Company | A road traffic safety service provider acquiring 100% of Gatas's shares. |
| Gatas | Target | Company | A Lithuanian company in the transport infrastructure sector being acquired by Saferoad. |
| Sorainen | Legal Advisor | Company | Provided legal advisory services to Saferoad for regulatory clearance in the acquisition. |
| Daivis Svirinas | Partner | Person | Partner at Sorainen involved in advising Saferoad. |
| Laimonas Skibarka | Partner | Person | Partner at Sorainen involved in advising Saferoad. |
| Linas Petronaitis | Senior Associate | Person | Senior Associate at Sorainen involved in advising Saferoad. |
| Danas Sniute | Associate | Person | Associate at Sorainen involved in advising Saferoad. |
| Lithuanian Competition Council | Regulatory Body | Government | Government body providing the necessary clearance for the acquisition. |