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Sorainen Advises Kayak on Acquisition of Business Unit from NFQ Technologies

Sorainen Advises Kayak on Acquisition of Business Unit from NFQ Technologies

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Sorainen has advised travel planning tools provider Kayak on the acquisition of a business unit from software development company NFQ Technologies in Lithuania. The seller was reportedly represented by Roedl and Partner.

Kayak operates a portfolio of brands including Kayak, Momondo, Cheapflights, Swoodoo, Checkfelix, and Mundi, which together process over two billion consumer queries annually. It operates sites in more than 60 countries and territories.

According to Sorainen, the purchased business unit consists of "approximately 40 engineers, who have worked as technology partners at Kayak for several years." According to the firm, "upon completion of the transaction, the engineers will be employed by Kayak Lithuania.” The team will continue to operate out of the Kayak Technology Center located in NFQ Technologies’ office in Kaunas, Lithuania.

Giorgos Zacharia, CTO of Kayakm commented: “With this agreement, a team of highly skilled engineers will join our organization as full time employees. We have worked with the team for many years and are confident they will continue to support our long-term commitment to raising the bar within travel search and ensure we can effectively scale and accelerate our tech innovation.”

Sorainen’s team included Partner Algirdas Peksys, Senior Associate Indre Sceponiene, and associates Gerda Skirbutiene, Aurelija Daubaraite, and Monika Tukaciauskaite.

Roedl and Partner did not reply to our inquiries. 

 

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