Primus Derling has advised Polish feature phone manufacturer Maxcom SA on its EUR 280,000 acquisition of 20.15% of Rubbee, a Lithuanian manufacturer of electric bicycle drives.
Rubbee was founded on October 16, 2015 to research, develop, assemble, and produce an electric bike drive.
Maxcom was established in 2001. The company is engaged in the production and continuous improvement of telecommunications devices, including GSM mobile phones, smartphones, strong phones, wireless loudspeakers, smartwatches, smart bands, electric scooters, wired and wireless telephone telephones, and walkie-talkie PMR radios.
The Primus Derling team was led by Partners Robert Juodka and Giedre Dailidenaite, assisted by Senior Associates Petras Pinevicius and Greta Bagdanaviciute.
Primus Derling informed CEE Legal Matters that it was unable to provide additional information about the deal.