We assisted Signicat, a pan-European digital identity company, in acquiring Dokobit, an electronic signature solutions provider in Lithuania, Estonia, Latvia and Iceland.

With this acquisition, Signicat has expanded its market reach to the Baltics and now provides the broadest coverage of digital identity and electronic signing services across Europe.

Qualified Trust Service Providers on the EU Trust List

Like Signicat, Dokobit is one of the few Qualified Trust Service Providers (QTSP) on the EU Trust List, ensuring the strictest assurance for validation of electronic signatures.

Signicat is ranked by The Financial Times as one of the fastest-growing companies in Europe. Its revenue increased from EUR 24 million in 2019 to EUR 42 million last year.

Asger Hattel, Signicat CEO, says: “Together, Dokobit and Signicat share a strong cultural, commercial and technological fit. With Dokobit, we will gain access to a fast-growing and exciting part of the European e-signature market which has been largely untapped, in addition to getting exceptional talent and technology. For us this is one more important step to continuously develop our customer value propositions across Europe.”

Our services and the project team

In this project we cooperated with Norwegian law firm Wikborg Rein. Our team, led by partner Laimonas Skibarka and associate Laura Matuizaitė, assisted Signicat in the course of due diligence on Dokobit and drafting the transaction documents. We also represented and assisted the client in negotiations, as well as in execution of the transaction documents and completion of the acquisition.

Read more about the acquisition here.