TKM Grupp AS and Walde AS Expand Security Operations in Baltic States

TKM Grupp AS is expanding its security segment across the Baltic states by establishing a subsidiary in Latvia and acquiring companies engaged in the wholesale distribution of security systems in Estonia, Latvia, and Lithuania. Walde AS, which TKM Grupp AS acquired in 2023, entered into an agreement with Walde SIA to acquire 100% shareholdings in three companies: SIA Evidence Network in Latvia, Evidence Network Eesti OÜ in Estonia, and UAB Evidence Network Lietuva in Lithuania. Walde SIA, a subsidiary of Walde AS, was registered in Latvia for the wholesale distribution of security systems.

The expansion involves acquiring businesses and setting up subsidiaries to distribute security systems across the region. This activity increases foreign investment and market presence within the security systems sector in Lithuania, Estonia, and Latvia.