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Cobalt Advises Novian Group on Acquisition of Elsis Pro

Cobalt Advises Novian Group on Acquisition of Elsis Pro

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Cobalt has advised Novian Group company Novian Systems on the acquisition of information systems and software developer Elsis PRO.

Financial details were not disclosed.

The Novian Group, operating in the Baltic countries and Norway, works in three business areas: IT infrastructure, software services, and digitization.

Established in 2004, Elsis Pro has been part of the Elsis Group. Elsis Pro creates solutions and products in the fields of aviation and risk management. The company’s projects have been implemented at Hong Kong Airport and Lithuania's Ministry of Finance, Financial Crime Investigation Service, and Tax Inspectorate.

"We are delighted with the addition of Elsis PRO. It will not only expand the Novian group’s software development competencies and capabilities in the fields of aviation, transport, and energy but will also mark the start of a strategic partnership with the Elsis group," commented Novian Group CEO Evaldas Rekus.

The Cobalt team Consisted of Partner Juozas Rimas and Associate Augustinas Petkevicius.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

More information on COBALT can be found at www.cobalt.legal.