Glimstedt has advised UAB Asseco Lietuva, an information systems integration company, on its acquisition of Saikas UAB, which provides information technology solutions for financial accounting and insurance business management.
The transaction was completed in August 2017.
UAB Asseco Lietuva is an information systems integration company belonging to Asseco Group, which develops information systems, software and specialized software solutions for automating the processes of organizations. According to Glimstedt, "by acquiring the shares of UAB Saikas, the company has implemented one of the development strategies - to strengthen its position in the field of insurance software solutions."
The Glimstedt team was made up of Partner Kestutis Jaskutelis, Associate Partner Ausra Maliauskaite-Embrekte, Senior lawyers Michailas Molis and Asta Macijauskiene, and Lawyers Daiva Cekanaviciene and Raminta Stravinskaite.