Cobalt has advised Norwegian technology company Kongsberg Defense & Aerospace on the acquisition of the Lithuanian small satellite manufacturer NanoAvionics. TGS Baltic advised NanoAvionics founders Vytenis Buzas and Linas Sargautis who, together with AST & Science, sold NanoAvionics. Ellex advised AST & Science.
According to Cobalt, “NanoAvionics is a leading smallsat mission integrator and bus manufacturer with significant global growth in recent years, including expansions into the United Kingdom and the United States.”
“By acquiring NanoAvionics, Kongsberg expands its portfolio to also have products and technology for designing and manufacturing small satellites”, said Kongsberg CEO Geir Haoy.
Cobalt’s team included Managing Partner Irmantas Norkus, Partner Juozas Rimas, and Senior Associates Zygintas Voronavicius and Manvydas Borusas.
TGS Baltic's team included Partner Marius Matonis and Associates Paulius Dabulskis and Kotryna Visockyte.
Ellex's team included partner Ramunas Petravicius, Senior Associates Augustinas Macionis and Marijus Dingilevskis, Associate Andrej Jemeljanov, and Junior Associate Ovidijus Girdauskas.