LITHUANIA - MartinsonTrigon acquires 100% of shares in MicroLink Lietuva

MicroLink Lietuva and BKA are former parts of MicroLink group, the largest Baltic IT services company which was acquired by Baltic telecoms in October 2005. However, Lithuanian competition council has ruled that Telekomas shall sell the acquired companies within 6 months.

MicroLink Lietuva provides professional data communications, central systems maintenance and PC services to Lithuanian business customers. The company is also involved in implementation of complex enterprise resource planning and documents management systems for large Lithuanian enterprises. BKA is a professional IT training company.

The combined turnover of two companies in July-December 2005 was 9.3m litas (EUR 2.7m), with net profits at 0.86m litas (EUR 0.25m). It has over 90 employees.

MartinsonTrigon will continue to develop MicroLink Lietuva as leading IT and data communications company targeting the needs of business customers. The investment fund will inject additional capital into the equity of the company.

'MicroLink Lietuva is a well-run, profitable and focused company with a good management team. I am glad to work with those people again,' says Allan Martinson, the managing partner of MartinsonTrigon. Prior to launching the investment fund in 2004, Allan Martinson was the CEO of MicroLink group.

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