Author: Gunita Krilova

Eco Baltia vide expands its operations in Latvia by acquiring a majority stake in a company in Daugavpils

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Eco Baltia, the largest environmental resource management and recycling group in the Baltics, has expanded its operations in Latvia by acquiring a majority shares in a company in Daugavpils. The group’s environmental management company Eco Baltia vide acquired 98% stake in road maintenance and waste management company Daugavpils specializētais autotransporta uzņēmums (DATU).

Before the transactions concluded in November and December of this year, the Eco Baltia group already owned 40.4% of DATU shares.

Jānis Aizbalts, Chairman of the Management Board of Eco Baltia vide: “By acquiring DATU, we have taken a strategically important step in the Latgale region. This acquisition provides a foundation for the development of a modern, efficient and integrated network of waste management and road maintenance services. Our experience of providing road maintenance and environmental management services in Riga and other parts of Latvia has demonstrated that the private sector can offer competitive, financially attractive and sustainable services. By integrating DATU into the Eco Baltia group, we aim to gradually introduce our corporate standards, promote occupational safety and efficiency, and improve the quality of environmental services throughout Latgale.”

After the transaction, DATU will continue to provide its daily services as usual. No changes to existing cooperation agreements and established practices are currently planned for the clients, partners and employees of the parties involved in the transaction.

Changes in corporate governance

Following the conclusion of the transaction, changes have been made to the Management board of DATU. The existing board, consisting of Chairman Aleksejs Oglodkovs and board member Jeļena Pētersone, has been joined by board member Andris Ziemelis, who is also a long-standing member of the Management board and CEO of Eco Baltia vide.

Eco Baltia vide plans that, going forward, DATU will gradually introduce the Eco Baltia group’s corporate standards in management, environment, occupational health and safety and quality. This will include streamlining processes, introducing modern solutions in customer service, and using resources more efficiently in order to strengthen the company’s competitiveness in both the waste management and road maintenance segments in Latgale.

About Daugavpils specializētais autotransporta uzņēmums

Joint stock company Daugavpils specializētais autotransporta uzņēmums was founded in January 1973. The company provides waste management services to municipalities in the Latgale region, ensures street cleaning and maintenance in the city of Daugavpils, and offers transportation services. In 2024, the audited turnover of “Daugavpils Spec. ATU” was EUR 5.6 million, and the company employs about 100 people.

This year, Eco Baltia ranks 20th in Latvia’s TOP101 Most Valuable Companies — another clear affirmation of the Group’s confident, purpose-driven growth. Our results have risen rapidly in recent years: from 36th place in 2022 to 29th in 2023, 23rd in 2024, and now 20th in 2025.

This achievement strengthens our market position as a regional leader in the circular economy and reflects solid business performance, well-judged investments, and a consistent strategy. It also helps attract new talent and partners, opening up opportunities for our next breakthroughs.

A heartfelt thank-you to every Eco Baltia employee! Professionalism, initiative, and responsible attitude toward our processes, customers, partners, and the environment have made this result possible. We achieved it together.

Looking ahead, we will continue to improve the efficiency and quality of our daily operations, develop sustainable products and services with higher added value, and invest in safety, our people, and technology — so we can maintain this upward trajectory next year as well.

Changes in the Management Board of ITERUM, the PET bottle recycling company of the Eco Baltia

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Changes have been made to the Management Board of AS ITERUM, the PET bottle recycling company of JSC (AS) Eco Baltia, the largest environmental resource management and recycling group in the Baltics. From October 1, 2025, the Chairman of the Management Board will be the current Management Board member Andris Ābele. Jūlija Zandersone, who has held the position of Chair of the Management Board, is being nominated for the position of Member of the Supervisory Board of “ITERUM”.

Following the changes, Andris Ābele, Jekaterina Vasiļjeva and Liene Upeniece will continue to work on the ITERUM Management Board. The appointment of Jūlija Zandersone to the Supervisory Board will be decided by the shareholders’ meeting, which will be held in October. J. Zandersone will also continue to fulfil the role of Chair of the Supervisory Board at ITERUM’s subsidiary, Tesil Fibres s.r.o., in the Czech Republic.

Following her election to the Supervisory Board, J. Zandersone will be responsible for the factory’s strategic development and the implementation of efficiency measures. This will include close cooperation with strategic partners and investors, and suppliers, in order to consolidate and accelerate the company’s  development.

Jūlija Zandersone, former Chairwoman of the Management Board of AS ITERUM: “The dynamics of the sector and the European Union’s circular economy objectives require both technological excellence and strong partnerships. On the Supervisory Board I will focus on ensuring, in cooperation with our strategic partners and investors, further modernization of the plant, an increase in capacity and the introduction of new solutions that will enable ‘ITERUM’ to move towards faster development.”

As Chair of the Management Board, Andris Ābele will be responsible for the delivery of ITERUM’s long‑term goals, strengthening the company’s position in the Northern European recycling market. He has more than ten years of experience in manufacturing companies, including in metal structures and building materials production, where he has held senior positions. Since joining the “ITERUM” Management Board, A. Ābele has been responsible for improving the efficiency of PET secondary raw material production and for modernizing the plant in line with current technological capabilities. He has also worked on improving final product quality standards, enhancing occupational safety, and other matters related to ensuring the operational activities of the factory.

Andris Ābele, Chair of the Management Board of AS ITERUM: “Our future focus will be on stabilizing the company’s development in the long term, continuing to invest in technology and process digitalization. In close alignment with the Supervisory Board’s strategic initiatives, we will develop ‘ITERUM’s’ capacity and product portfolio.”