Greentech S.A

Abris-backed GreenGroup buys UAB Zalvaris

Central European circular economy leader acquires Lithuanian waste management company as part of EUR 200 million investment plan for the region

Abris Capital Partners (“Abris”), the ESG transformation specialist private equity investor, has supported GreenGroup, the circular economy leader in Central Europe, in signing the acquisition of UAB Zalvaris (“Zalvaris”), the largest industrial waste management company in Lithuania.  

Part of an ambitious M&A strategy, this acquisition will further consolidate GreenGroup’s position in industrial waste management, following its entry into the sector in 2020 through the acquisition of Eltex in Romania. The acquisition of Zalvaris is part of GreenGroup’s new investment plan, totaling up to EUR 200 million, focused on consolidating its position as the largest integrated recycling group in Central Europe, through capex investments and bolt-on acquisitions.   

Zalvaris is GreenGroup’s seventh bolt-on acquisition since Abris' initial investment in the company, and the third add-on in the past nine months. It follows the acquisitions of SIGAD, a Romanian developer of environmental reporting software, and UAB Ecso, a Lithuanian polyethylene recycler, marking its entry into the polyolefin market. 

Exhibitor Data Sheet