GLIMSTEDT advised UAB Asseco Lietuva on the acquisition of UAB Saikas

GLIMSTEDT advised UAB Asseco Lietuva, an information systems integration company, in acquiring UAB Saikas, a company providing information technology solutions for financial accounting and insurance business management.

The transaction was completed in August 2017.

UAB Asseco Lietuva is part of Asseco Group. UAB Asseco Lietuva develops information systems, software and specialized software solutions for automation of business processes. Having acquired UAB Saikas, UAB Asseco Lietuva has implemented one of its development strategies – to strengthen the company’s position in the field of insurance software solutions.

UAB Saikas has been active on the market for 25 years, providing information technology solutions for financial accounting and insurance business management.

GLIMSTEDT team performed legal due diligence of the target company, drafted a share purchase agreement and other transaction documents, acted for the client in negotiations and provided comprehensive legal assistance on various issues of law and any transaction-related matters requested by the client.

GLIMSTEDT team consisted of Partner Kęstutis Jaskutėlis, Associate Partner Aušra Maliauskaitė-Embrektė, Senior Associates Michailas Molis and Asta Macijauskienė, Associates Daiva Čekanavičienė and Raminta Stravinskaitė.

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