Cobalt has advised the shareholders of AGACAD, a Vilnius-based developer of building information modeling software, on the sale of 100% of their shares to France’s Arkance. Ellex Valiunas advised the buyer on the deal.
The acquisition is expected to help expand AGACAD's research and development activities and the existing team of software developers in Vilnius. Financial details were not disclosed.
Arkance, a subsidiary of Groupe Monnoyeur, is a provider of digital services in the construction and manufacturing sectors.
Cobalt’s team consisted of Partner Juozas Rimas, Managing Associate Deimante Pagiriene, and Associate Milda Vaznelyte.
The Ellex Valiunas team included Partner Paulius Gruodis, Senior Associate Mantas Juska, and Associate Arvydas Gruseckas.