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Lakatos, Koves & Partners and Szecskay Advise on Norbit ASA's Acquisition of iData Kft

Lakatos, Koves & Partners and Szecskay Advise on Norbit ASA's Acquisition of iData Kft

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Hungary's Lakatos, Koves & Partners and Norway's Schjodt Law Firm have advised Norbit ASA on its acquisition of IData Kft. The transaction gives IData an enterprise value of EUR 14.5 million. Szecskay Attorneys at Law advised the sellers on the deal.

IData is a technology company headquartered in Hungary that specializes in services related to vehicle tracking and fleet management that reported EUR 5 million in revenue in 2020. It claims to be tracking 34,000 vehicles for 4,200 customers. 

LKT’s team was led by Partner Ivan Solyom and included Senior Lawyer Nora Szigeti and Senior Counsel Eva Bognar.

Szecskay's team included Senior Partners Orsolya Gorgenyi, Hedi Bozsonyik, and Gusztav Bacher, and Partners Katalin Szecskay and Robert Dezso.

Hungary Knowledge Partner

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

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