Helmes has acquired Lithuanian software developer TeleSoftas
September 2022 — International digital innovation company Helmes has acquired a 70% stake in Lithuanian software engineering firm TeleSoftas. The investment aligns with Helmes’ strategy to become the largest digital innovation company in the Baltic Sea region.
Helmes, headquartered in Estonia, is one of the largest software development outsourcing companies in Northern Europe. It offers tech strategy, service design, software development, mobile app developmentn and data management, focusing on real business growth. Its major customers are global organizations and multinational companies such as OECD, CERN, Airbus, Kühne+Nagel, SEB, Telia Company, Solera, and ServiceChannel. The Helmes group has approximately 1,500 employees. Although it is one of the major employers in the Estonian software sector, more than three quarters of its staff live and work elsewhere.
Headquartered in Kaunas, Lithuania, TeleSoftas has been successfully providing product engineering services for over 18 years. With 300 employees, TeleSoftas is one of the largest digital product engineering companies in the country. Its long-term customers include companies such as Stage, Viavi, Kurt König, TV2 Denmark and Tele2.
Our role in the transaction
Oaklins’ team in Lithuania acted as buy-side advisor to Helmes, searching for acquisition targets of software development companies and throughout the acquisition process.
Talk to the deal team
Related deals
TA Associates has completed a sell-down of its stake in Eurowag
TA Associates has completed a US$40 million accelerated bookbuild (ABB), selling approximately 4.3% of its shareholding in W.A.G. payment solutions AS (Eurowag) through a secondary offering on the London Stock Exchange. The transaction formed part of the private equity sponsor’s continued partial exit following its investment in Eurowag in 2015. The offering attracted strong demand from international institutional and Czech investors, resulting in a successful placement at US$1.33 per share, a 7.4% discount to the previous close and a 2.2% discount to the one-month volume-weighted average price (VWAP).
Learn moreDIGMATIX has entered the Czech market through the acquisition of LLP CRM
DIGMATIX has acquired LLP CRM, a Czech Microsoft Dynamics 365 Customer Engagement specialist. The acquisition marks DIGMATIX’s entry into the Czech market and strengthens the group’s capabilities in customer relationship management (CRM), sales automation, customer service and AI-powered business solutions.
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