TMF Group expands into Lithuania and Latvia with acquisition of Nordgain
TMF Group, a leading provider of global administrative and compliance services, today announced the acquisition of Nordgain, a provider of finance, accounting, tax compliance and HR and payroll services based in Lithuania. Nordgain also operates in Latvia and will soon open an office in Estonia. With this acquisition, TMF Group expands into two new countries, increasing its global footprint to 89 jurisdictions and establishing a physical presence in the Baltic region.
Nordgain’s services encompass accounting and tax compliance and HR and payroll administration. They also include specialised services for licensed companies, electronic money institutions, investment funds and collective investment undertakings. With a portfolio of over 300 clients, Nordgain serves many blue-chip and Fortune 500 companies from all over the world.
Jan Willem van Drimmelen, TMF Group’s Head of Europe, commented:
The Baltics have been an important trading partner for many countries in Europe and the Nordics, and we’ve been following the rapid economic development in the Baltics over the past decade. We’re thrilled to expand into this dynamic region for international business. We’re delighted to welcome Agne and her team at Nordgain, and their broad portfolio of services will complement our existing offering.
Joanna Romanczuk, TMF Group’s Head of Northern Europe, added:
Our acquisition of Nordgain is a key step in strengthening TMF Group’s global footprint, adding three jurisdictions to our portfolio and expanding into the Baltics. By increasing our local presence in key countries, we’re uniquely positioned to continue delivering in-depth local expertise combined with strong international outreach.
Agnė Jasinskaitė, Nordgain’s Founder and CEO, said:
Joining TMF Group is an exciting milestone for us. By being part of their global platform, we will be able to offer our clients even broader capabilities and international reach, while continuing to deliver the high-value services they know us for. This step also creates exciting career opportunities for our team, giving them the chance to grow as part of a leading global firm.
About Nordgain
Nordgain, UAB is a leading accounting and payroll firm headquartered in Vilnius, Lithuania. Established in 2008, the company has built a reputation for precision, reliability, and innovation in servicing both local and international clients.
Today, Nordgain employs more than 90 highly qualified finance professionals and manages operations for over 400 clients across 10+ countries. Its portfolio ranges from fast-growing fintechs, investment funds, and crypto enterprises to multinational corporations and Fortune 500 companies. Nordgain specialises in:
- Full-scope accounting and reporting under both Lithuanian GAAP, IFRS and other countries’ GAAP.
- Payroll and HR administration for complex, multi-jurisdictional teams.
- Tax advisory and compliance, including VAT, CIT, payroll taxes, and cross-border structures.
- Finance process automation, helping clients integrate cloud solutions, streamline reporting, and build audit-ready controls.
In 2024, the company expanded regionally by establishing a company in Riga, Latvia and is soon to have an entity in Tallinn, Estonia too, to strengthen its Baltic presence and better support international groups entering the region.
Media Contacts
TMF Group
Marina Llibre Martin, Global PR Manager
marina.llibremartin@tmf-group.com
Nordgain
Agnė Jasinskaitė, Founder and CEO
agne.jasinskaite@nordgain.com
