Delta Plus Group acquires Gevanta to strengthen its position in Europe

Delta Plus Group, a company listed on Euronext Growth Paris, announced the acquisition of Lithuanian company Gevanta. Specializing in high-end workwear, Gevanta allows Delta Plus Group to strengthen its presence in the Baltic countries. This transaction is part of a strategy of moving upmarket and strategic expansion into new markets.

Vilnius-based Gevanta generates revenue of €9 million, primarily in Lithuania, and employs 17 people. The company benefits from a higher margin than Delta Plus Group. Gevanta's integration will leverage its founder's regional expertise to ensure a seamless transition.

Delta Plus Group achieved a turnover of €400.1 million in 2024. Despite recent economic challenges, the company maintains its operational profitability and continues to target sustainable and strategic growth over the long term.