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.
Talk to the deal team
Related deals
Nymann 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.
Learn moreLife & Mobility has attracted investor Bolster Investment Partners
Life & Mobility, a leading developer and manufacturer of premium mobility and rehabilitation solutions, has welcomed Bolster Investment Partners as a new shareholder. The partnership provides Life & Mobility with a strong long-term partner to support the company’s next phase of growth, with a continued focus on product innovation, strengthening its leading market position and further international expansion. The company’s mission remains to enhance the mobility, independence and quality of life of end users through innovative, sustainable and circular mobility solutions designed for multiple life cycles.
Learn moreDIGMATIX has entered Romania through the acquisition of Elian Solutions
DIGMATIX, one of the largest providers of Microsoft Business Applications solutions in the region, has acquired Elian Solutions, a Romanian Microsoft Dynamics 365 partner, together with its subsidiary Elian Development Systems. Through the acquisition, DIGMATIX expands its operations into Romania and strengthens its position as a regional leader in the implementation and development of Microsoft Business Applications solutions. The acquisition was financed by an investment from DIGMATIX’s majority shareholder, Baltic private equity fund Livonia Partners, together with financing provided by SEB Bank.
Learn more