Cobalt has advised German defense company Rheinmetall on a joint project with Lithuania’s EPSO-G Invest and Giraites Ginkluotes Gamykla to establish a 155-millimeter artillery ammunition manufacturing plant in Baisogala, Lithuania. TGS Baltic reportedly advised EPSO-G Invest. Sorainen reportedly advised Giraites Ginkluotes Gamykla.
According to Cobalt, the initiative represents an investment of up to EUR 300 million, marking a significant advancement of the country’s defense industry infrastructure.
The Cobalt team included Managing Partner Irmantas Norkus and Senior Associate Kostas Grigaitis.
