Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed

Lindström Group is a textile rental service company in Europe and Asia. Lindström operates in 24 countries and has over 4,000 employees. The company is headquartered in Helsinki, Finland. Lindström was established in 1848.

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed
Revenue(RF), mln.USD
43
Assets(RF), mln.USD
35
Capital(RF), mln.USD
15
Glob.Revenue, mln.USD
421
Staff(RF), 2021
464

On April 11th, 2023, Lindström Group announced that it had completed the sale of its operations in Russia to local management after receiving the exit approval from the Russian authorities and finishing the registration formalities in Russia. With this transaction, Lindström ended all its local operations in Russia and transferred all its responsibilities including employees, customers, suppliers, legal and regulatory to the new owners.

The Company Statement
April 06, 2023

Lindström Group to sell its operations in Russia. The local company "LINDSTREM" LLC continued to actively hire employees. In April 2023, the company left the Russian Federation. 06.04.2023: "MTR" LLC becomes the new founder of the organization. Records about the founders of JSC "LINDSTREM OU" and JSC "COMFORTU OU" have been deleted from EGRUL. 11.04.2023: The abbreviated name was changed from "LINDSTREM" LLC to "LINDALY" LLC.

March 21, 2024Resilience being tested amid prolonged war in Ukraine
March 28, 2023Active vacancies of Lindström in Russia
February 28, 2023Website in Russian (deleted later)
October 18, 2022Lindström Group to sell its operations in Belarus
August 15, 2022Lindström Group to sell its operations in Russia
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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