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Management Buyout in Russia and Belarus
Schaan (FL) - August 5, 2024
After more than 30 years of operations in Russia and more than 15 years in Belarus, the Hilti Group has decided to exit both markets.
Since 2022 the Hilti Group has significantly ramped down its operations in and ceased all exports to Russia and Belarus.
Pending government approval, the Hilti Group will sell all its local operations to the local management. Given the circumstances this is the best solution for the local team members. The local entities will be entirely separated from the Hilti Group and operate independently. They will no longer use the Hilti nor the Oglaend brand.