Cobalt has advised the shareholder of the SBS Group on the sale of the company to Monnoyeur subsidiary Arkance.
The SBS Group, established in 2007, is a software development company specializing in the construction industry.
According to Cobalt, “this acquisition is in line with Arkance's strategy to provide software products to support its clients. Arkance drives innovative and sustainable solutions to reduce the costs of their clients and help them to win more business.” Its main areas of focus are digital services for the manufacturing and construction industries.
Exactly two years ago, Cobalt advised another group of shareholders on the sale of their building information modeling software company to Arkance (as reported by CEE Legal Matters on February 25, 2021).
Cobalt’s team included Partner Juozas Rimas and Managing Associate Deimante Pagiriene.
