Digital Mind expands its reach with acquisition of EIP Dynamics
February 2024 — Digital Mind, a leader in business process digitalization for large and mid-sized organizations in the Baltic states, has acquired EIP Dynamics, a prominent Microsoft Enterprise Resource Planning (ERP) solution provider based in Poland. EIP Dynamics is recognized for serving some of the largest companies both within Poland and internationally. This acquisition is a significant step for Digital Mind in expanding its market presence and capabilities.
Since 2005, Digital Mind has been providing tailored business application solutions for a wide range of sectors. With offices in Riga (Latvia), Vilnius (Lithuania), Warsaw (Poland) and Tallinn (Estonia), the company has a team of 180 professionals serving over 350 organizations. Forecast revenues for 2023 amount to US$15 million. This acquisition is set to transform Digital Mind into a scalable platform for executing further business acquisitions in the Central and Eastern European (CEE) region.
EIP Dynamics, a business management firm founded by renowned Polish serial technology entrepreneur Mr. Pawel Prasula, previously owned by EIP Group, has now transitioned to new leadership as part of this strategic acquisition. The deal is financed through an equity investment from Livonia Partners, supporting Digital Mind’s vision to establish a leading regional presence in Microsoft Business Applications across the Baltic and Central European countries.
Our role in the transaction
Oaklins’ team in Latvia acted as buy-side advisor to Digital Mind, establishing contact with the seller and throughout the acquisition process.
Contacter l'équipe de la transaction
Transactions connexes
GroGlass has been acquired by Apogee Enterprises
Apogee Enterprises, Inc. (Nasdaq: APOG), a leading US provider of architectural building products, services and high-performance coated materials, has acquired GroGlass, a Latvia-based developer and manufacturer of high-performance anti-reflective and UV-protective glass coatings. The acquisition brings GroGlass’ differentiated coating technologies and materials science expertise into Apogee’s performance surfaces segment, broadening its product offering and market reach while expanding its manufacturing and R&D presence in Europe.
En apprendre plusCapvis has sold hessnatur to Wourth Group
Hess Natur-Textilien GmbH & Co. KG has become part of the international Wourth Group. With the change of ownership from Capvis to Wourth Group, hessnatur is entering its next phase of development. The transaction reflects the company’s successful strategic and business development in recent years, and creates a strong foundation for the future.
En apprendre plusNymann Kloak- & Miljøservice has been acquired by Serwent Group
Nymann Kloak- & Miljøservice has been acquired by Serwent Group. The acquisition expands Serwent’s footprint in Denmark while broadening its service offering and strengthening capacity across its existing platform. This transaction further supports Serwent’s ambition to become the leading Nordic operator in underground infrastructure maintenance.
En apprendre plus