# Bico Industries acquires Iranga Technologijos from Lithuania

Bico Industries S.A., a subsidiary of Roca Industry Holding, signed a sale-purchase agreement to fully acquire Iranga Technologijos, a Lithuanian company in the technical and construction textiles market, for EUR 3.2 million.

- Type: Acquisition
- Announced: 2023-05-02
- Where: Lithuania
- Value: $3.50M (3.20M EUR)
- Status: announced
- Products: glass fiber fabrics, composite materials
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Bico Industries](https://endata.com/companies/64706.md) (acquirer)
- [Iranga Technologijos](https://endata.com/companies/64707.md) (target)
- [ROCA Industry](https://endata.com/companies/64708.md) (investor)

## Sources

- [romanianbusinessjournal.ro](https://www.romanianbusinessjournal.ro/bico-industries-s-a-subsidiary-of-the-romanian-company-roca-industry-holdingrok1-acquires-iranga-technologijos-from-lithuania/), 2023-05-04: "Bico Industries S.A., a subsidiary of the Romanian company Roca Industry Holding, acquires Iranga Technologijos from Lithuania."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.