Cobalt has advised Visma on the acquisition of Merit Tarkvara from its shareholders.
Merit Tarkvara is a software company that provides cloud-based tools for both accountants and small business owners. Its key products are accounting software Merit Aktiva and payroll software Merit Palk.
Visma is a supplier of business software and services with a presence in twelve countries and approximately 8,500 employees.
According to a Visma press release, “the acquisition is part of Visma’s strategy to deliver the best solutions to accountants and SMB companies in Northern Europe. The key products Merit Aktiva and Merit Palk are effective and accessible cloud-based tools for accountants and small business owners, facilitating collaboration between them while keeping the operations simple and secure.”
Merit Tarkvara, as part of the Visma group, will continue as an independent entity under the Merit brand.
Cobalt’s team included Partner Martin Simovart, Senior Associates Heleri Tammiste and Kristjan Kotkas, Specialist Counsel Jesse Kivisaari, and Senior Associate Karl Kull.