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The History of the Scaent Group

2003
Scaent AB was founded in Sweden during September 2003 and became the first company of the Group. Scaent AB’s major business is trading on the Nordic power and finance market.

2004
BaltEnergoTrade (BET) was founded in January 2004 as an electricity trading company in Latvia.

2006
Scaent Europower Ltd. was founded in Ireland during August 2006 by the Scaent AB shareholders. The new company became responsible for trading activities in Ireland, Hungary, Slovenia, Italy, Austria and the Balkans.

2006
Scaent Baltic was founded in Vilnius (Lithuania). The initial goal of Scaent Baltic was to develop trading, production and investment activities in the electric energy sector encompassing the Baltic States. The same year the Lithuanian company Energios Realizacijos Centras (ERC) joined the Group. It was subsequently agreed by the Group Board that Scaent Baltic could expand into different sectors and participate in construction and real estate investment projects.

2007
In August, the Scaent and Unitrade Corporations finally completed a total global restructuring, and became united under one brand - the Scaent Group.

2009
Jonas Garbaravičius, the Head of the Scaent Baltic and former board Member of Scaent Group appointed Chairman of the managing board of the Scaent Group.

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