Topic: M&A, Capital Markets
DGKV advised Bianor Holding AD, listed on the Bulgarian Stock Exchange, on the entry in definitive agreements for the acquisition of the software companies Itido Technologies OOD and Databreathe EOOD.
The completion of the acquisitions will take place if certain conditions precedent is fulfilled. Bianor’s group companies are active on the US, the EU and Bulgarian markets providing video streaming technologies services and software solutions for the defense industry.
The acquisitions are part of Bianor’s growth strategy to consolidate other Bulgarian software businesses and diversify its existing portfolio.
Itido specializes in web and mobile software products while Databreathe specializes in machine learning and AI.
DGKV's Partners Gergana Monovska and Georgi Tzvetkov and Senior Associate Vlada Tsenova led the team.