COBALT Vilnius office advised UAB ATEA Baltic, the largest information technology solutions and services supplier in the Baltics, on the acquisition of a 100 per cent shareholding in one of the market leading audio and video technology providers UAB Prezentacijų spektras.
By this acquisition UAB ATEA Baltic aims to strengthen its position in the Baltic market for audio and video solutions and expand the portfolio of its services. This acquisition by UAB ATEA Baltic is the fourth during the past years. In 2012 UAB ATEA Baltic acquired three companies: UAB Biznio mašinų kompanija, UAB Kompiuterinių sistemų centras in Lithuania, and NG Infra in Estonia.
COBALT work included advice to UAB ATEA Baltic on the drafting of transaction documents, advice on competition law and other acquisition related matters. The transaction was led by Managing Associate Maksimas Saveljevas and Senior Associate Eva Suduiko.