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Primus Derling Advises Maxcom on Acquisition of Stake in Electric Bike Drive Producer

Primus Derling Advises Maxcom on Acquisition of Stake in Electric Bike Drive Producer


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.

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COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. 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 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

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