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XTEND and JFB announce definitive USD 1.5 billion merger agreement
Sorainen is assisting XTEND – a technology company that develops AI‑assisted tactical unmanned aerial systems (UAS) – with Latvian and Estonian law aspects related to the merger between JFB Constructions (USA) and XTEND (Israel). The merger has the aim of creating an autonomous defence and security systems company, combining an AI-driven robotic operating system with […]
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German energy company expands its operations in Estonia
We advised the German energy group Danpower on the acquisition of a majority stake in the Estonian district heating company SW Energia. “Through this merger, our combined financial and development capabilities increase significantly, enabling us to realise our ambitious vision – to make carbon-neutral district heating the standard across Estonia,“ said Burkhard Vogel, CEO of […]
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Helping to shape the route to sustainable urban mobility
We advised SQM Lithium Ventures on leading the EUR-5.1-million funding round for the Estonian mobility company Vok Bikes. The funding will allow Vok Bikes to further expand across Europe and accelerate the shift away from vans in city centres. The funding round was joined by existing investors Metaplanet, Specialist VC, Sunly, and SmartCap – Estonia’s […]
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A popular website-building platform has changed its ownership
We advised the software company Erply on the acquisition of Edicy from the technology company TextMagic. Edicy owns the website-building platform Voog. Voog aims to be the most convenient and user-friendly solution for creating and managing websites and e-commerce sites. A no-code website builder, it currently has around 5,000 clients. Erply’s CEO Robert Jacob explained […]
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A landmark transaction in Estonia’s software market
We advised the IT company Erply on the acquisition of Gaiasoft, Estonia’s oldest accounting software provider. The acquisition aims to create a next-generation accounting platform by merging Gaiasoft’s decades of technical knowledge and market experience with Erply’s modern cloud infrastructure and AI capabilities. This acquisition represents a significant step toward transforming Estonia’s accounting software market, […]