BalticVC

Spanish energy company Repsol has acquired a 3,6% stake in Stargate Hydrogen , an Estonian company developing technology for efficient and cost-effective hydrogen production. 

Estonian fintech startup Tuum has announced a partnership with London-based payment processing platform Solidgate . Together they are creating Solidgate Treasury, a solution that will provide online companies with global access to payment systems such as SEPA and SWIFT.

Estonian company Nortal has acquired Nearsure , a U.S. software company with a customer base in the U.S. and more than 600 employees in Latin America. According to company representatives, this is the largest acquisition in Nortal's history and strengthens its presence in the U.S. market.

Lithuanian  Oxylab has bought French company ScrapingBee . The acquisition involved an undisclosed eight-figure sum.

Estonian energy startup Gridraven has signed a contract with Finland's national grid operator Fingrid . Gridraven's software will increase the capacity of the country's existing transmission lines by 30%.

Paynt , a payment technology company, has bought Canadian company E-xact Transactions . The acquisition of E-xact, which processes more than CAD 3.5B in more than 50M transactions annually, will create a new operations center in Vancouver, Canada.

Telia Eesti has bought Estonian IT company Iglu , with which it has cooperated in developing several mobile solutions, including the Mobile-ID service. Now, in addition to telecommunications, IT and cybersecurity services, Telia will now be able to offer software development capabilities to customers through Iglu.

Estonian startup Clevon has been sold to US technology company Indigo Technologies . The amount of the deal was not disclosed, but negotiations on the sale started more than a year ago, when Clevon was looking for investments in the American market.

Latvian company Digmatix (formerly Digital Mind) has signed an agreement with Estonian technology company BCS Itera to acquire 100% of its shares. The deal will bring together two regional Microsoft solutions partners, helping to increase Digmatix's competitiveness in the region, as well as expand its solution offerings in the manufacturing, retail, financial and human resources sectors.

Estonian company XData Group has announced its plans to go public on the Nasdaq exchange in the first half of 2025. The company has already signed a definitive agreement with special purpose acquisition company (SPAC) Alpha Star Acquisition Corporation (Alpha Star) for a €158.3M merger.

Canadian software company Enghouse Systems has acquired Lithuanian mobility services platform Trafi . This is an exit for Lithuanian Practica Capital , Estonian BaltCap , British Octopus Investments and European Bank for Reconstruction and Development (EBRD).

Lithuanian technology education startup Turing College has acquired British company Boom Training , which provides training services in various fields, including data analysis, management, marketing, etc.

Estonian software company Net Group is expanding its presence in Germany by acquiring  technology company Cloud Ahoi .

Estonian Bolt  has bought Danish startup Viggo  for an unnamed amount. This is the first acquisition in Bolt's history. 

Video Game Insights , a gaming industry analysis company, has announced that it has been acquired by US market research firm Sensor Tower . The amount of the deal and other financial details were not disclosed.

Lithuanian B2B marketplace for home appliances, electronics and DIY products eany.io has acquired Lithuanian startup Mentum AI . 

London-based private equity fund Bregal Milestone has acquired a majority stake in Estonian transportation technology company Ridango  from Estonian fund BaltCap . 

Estonian sports club software development company MOBY   has announced a merger with Estonian software development service provider HEISI . 

Israeli marketing software company Optimove has become the new owner of Estonian startup Adact . This is an exit for Estonian Business Angel Network  and Startup Wise Guys , which invested about $240K in Adact in several rounds. 

Alpha3D , an Estonian company developing an AI-powered 3D content creation platform, has acquired a Dutch AI-powered game development platform MoonlanderAI .