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Tallinn-based fintech Paywerk   has been acquired by Swedish banking group Swedbank, which will integrate Paywerk's technology into its infrastructure. Details of the deal have not been disclosed. After the deal is complete, the startup's executives (Jan Andresoo, Priit Poldoja, Raino Parona, and Marko Varika) will no longer work at Paywerk's management and supervisory boards.

Estonian public electric vehicle charging network developer Eleport  has acquired Austrian electric vehicle charging station installer TurboVolt . Terms of the deal were not disclosed.

The majority stake in Estonian wellness marketplace Stebby   has been acquired by French payment solutions company Up Group. The previous majority owner was a Riga-based private equity fund Livonia Partners, which owned 50% of Stebby. The company's current management will continue working in the company with Up Group.

Lithuanian virtual cash register system for small and large businesses Virtualikasa.lt , developed by digital marketing agency Brand Lions , has been acquired by Lithuanian fintech Paysera . The amount of the deal is undisclosed.

Estonian software development company Helmes   has acquired a 75% stake in Estonian service design and digital transformation company Trinidad Wiseman (TWN). Details of the deal were not disclosed. TWN will keep its name and will work as an independent company. The company's management will continue working in TWN.

Lithuanian AI-powered B2B-sales platform Evergrowth  raised €500K from the founder of Danish online review platform Trustpilot Peter Holten Mühlmann. It is an extension of the €2M pre-seed round that was announced in February 2024. 

Estonian software development boutique Outl1ne  has been acquired by Estonian software development and consulting company  Net Group . After the acquisition, Outl1ne will operate as a separate legal entity, managed by its founders Olari Tõnison and Allan Tatter.

Polish fintech AvaFin with Latvian roots has been acquired by South African retail bank Capitec. Capitec's stake in the company has increased to 97,69% after acquiring 57,03% of AvaFin for €26.3M. Following the acquisition, AvaFin's management will hold 2.31% of the company.

The founders of Solarstone , an Estonian company developing solar roofing solutions, have sold their shares to their existing investor, Estonian asset management company Biofuel. With the deal, Biofuel has become a major shareholder in Solarstone.

Lithuanian second-hand clothing company Vinted   has acquired Danish marketplace for second-hand fashion and lifestyle items Trendsales, founded in 2013 in Copenhagen by Mads Aaroe Mathiesen. With the acquisition, Vinted aims to leverage Trendsales' local knowledge and strong presence in Denmark to strengthen its business in the country.

  Lithuanian and UK-based developer of volumetric and spatial capture software, EF EVE Ltd , has been acquired by UK Djinn Technologies Ltd. Djinn, which specializes in volumetric and spatial camera sensor and scanning technologies, has acquired all the assets, patents, and intellectual property of EF EVE Ltd. As a result, the EF EVE's platform has been rebranded as SpatialScan3D.

Vilnius-based data analytics platform for gaming and app developers Devtodev was acquired by US-based unicorn AppsFlyer. 

Latvian marketing data analytics startup Roibox   was acquired by marketing technology company Jakala. According to public information, Jakala purchased 53% of the startup. Roibox’s founders saved their stakes.

Estonian Delfi Meedia acquired  the online platform Kalkulaator.ee , which helps make a salary, tax, credit, and car fuel consumption calculations, and gives various practical advice. The amount of the deal is undisclosed. 

Lithuanian developer of solar project design software PVcase  acquired US solar siting software platform Anderson Optimization . The amount of the deal is undisclosed.

Latvian e-commerce platform and producer of print-on-demand items Printful   acquired  US-based company Snow Commerce , which designs and runs the e-commerce presence for such brands as Paramount, Warner Bros. Discovery, and NBCUniversal.

Estonian recruitment company for remote talent MeetFrank   acquired  a salary data application Compensation .

  Mapon Estonia, a subsidiary of Latvian Mapon (developer of fleet management technologies and part of an international association of IT companies Draugiem Group), buys  Estonian telematics company CarCops . The deal will be completed in June.

Estonian business text messaging service TextMagic   acquires  100% of Estonian website building platform Voog  for €1,1M. TextMagic purchased stakes of 16 shareholders. Some of them are current employees, who had just received shares through the stock option program. The other shareholders are co-founders of Voog, Tõnu Runnel, Märt Kelder, Priit Haamer, Toivo Annus, and CEO Henn Runnel. The deal will come into force on June 1, 2023.

Baltic private equity fund BaltCap acquired a majority stake in Tallinn-based automation services provider Hansab . The amount of the deal is not disclosed.