New transaction: Hansapost acquires majority stake in the Latvian e-commerce firm

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”.



Seller Buyer
Latvian entrepreneurs Hansapost

Xnet is one of the leading e-commerce businesses in Latvia operating, a popular online department store, and, 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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