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Showing posts with the label M&A

Lithuanian company Frontu acquired by Everfield

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Lithuanian provider of field service management software provider Frontu  (formerly Tasker) has been acquired by German long-term investor and growth accelerator Everfield.

Estonian Fairmus acquires Distrus

Estonian streaming platform Fairmus   raised  in a seed round of €120K this year and in the summer acquired Estonian music digital distribution platform Distrus . 

Fintech Monese merges with UK-based company Pockit

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London-based fintech Monese , founded by Estonian entrepreneur Norris Koppel, has merged with UK-based company Pockit . The deal will see Monese's minority shareholder, Estonian Tera Ventures , take a stake in Pockit. In addition, Pockit and London-based VC Puma Growth Partners will invest £15M in the integration of the two fintech companies. Further financial terms of the deal were not disclosed. 

Lithuanian unicorn Surfshark acquires California-based online privacy protection company Ironwall

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Lithuanian cybersecurity unicorn Surfshark has acquired California-based online privacy protection company Ironwall, which removes personal information from the Internet. Ironwall's solution protects businesses and governments from cyber and personal threats. Its clients include judges, social workers, law enforcement, healthcare organizations, financial institutions, and those who have been victims of stalking or domestic violence. Ironwall monitors websites and social media, making sensitive information such as home addresses and phone numbers unsearchable. According to the company, if an online platform refuses to remove a home address, Ironwall will take the case to court or the attorney general’s office.

Estonian AI-powered HR platform Wisnio was acquired by Swedish company Assessio Group

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Estonian AI-powered HR platform Wisnio  has been acquired by Swedish talent assessment company Assessio Group. The acquisition represents an exit for Wisnio's early investors from Estonia: Siena Secondary Fund , Spring Capital ,  Startup Wise Guys , and Metaplanet . According to public sources, Startup Wise Guys invested in Wisnio in 2016, Metaplanet invested in 2019 and Spring Capital in 2021.

Latvian car-sharing company Carguru acquires electric car rental startup OX Drive

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Latvian car-sharing provider Carguru   has acquired Riga-based electric car rental startup OX Drive .

Estonian Nortal acquires UK-based cybersecurity consultancy 3DOT Solutions

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Estonian digital transformation company Nortal has acquired UK-based cybersecurity consultancy 3DOT Solutions . The UK's consultancy experts will join Nortal's global team of 2K employees.

Estonian fintech Paywerk was acquired by Swedish banking group Swedbank

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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 EV charging network developer Eleport acquires Austrian company TurboVolt

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

Majority stake in wellness marketplace Stebby was acquired by French company Up Group

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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 was acquired by fintech Paysera

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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.

Software development company Helmes acquires 75% stake in Trinidad Wiseman

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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 B2B-sales platform Evergrowth raised €500K and acquired Spanish Apolo Mktng

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. 

Net Group acquires Estonian software company Outl1ne

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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.

Latvian-founded AvaFin acquired by South African retail bank Capitec

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.

Founders of Estonian cleantech Solarstone sell their shares to asset management company Biofuel

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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.

Vinted acquires Danish fashion marketplace Trendsales

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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 company EF EVE has been acquired by UK-based Djinn Technologies Ltd

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  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.

Lithuanian data analytics company Devtodev was acquired by the US marketing platform AppsFlyer

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

Latvian marketing startup Roibox was acquired by Italian Jakala

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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.