Leading Estonian e-commerce firm Hansapost acquired company in Latvia
In April 2015 Hansapost OÜ signed an agreement to acquire a 70.5% majority stake in SIA “Xnet”.
Xnet is one of the leading e-commerce businesses in Latvia operating Xnet.lv, a popular online department store, and aboluveikals.lv, the first official online retailer of Apple products in Latvia. Company’s turnover reached EUR 4 mn last year. Hansapost is the largest e-commerce company in Estonia with turnover exceeding EUR 10 mn.
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