TGS Baltic assisted the shareholders of an international data technology company Squalio Group in sale of the shares of company to a leading global IT solutions and services provider Softline.

29.10.2021 TGS Baltic assisted the shareholders of an international data technology company Squalio Group in sale of the shares of company to a leading global IT solutions and services provider Softline.

TGS Baltic assisted the shareholders of an international data technology company Squalio Group, in the following countries: Latvia, Lithuania, Belarus and Estonia, in sale of the shares of Squalio Group to a leading global IT solutions and services provider Softline with a focus on digital transformation, cloud and cybersecurity. Licensing business of Squalio Group represented 98% of its total revenue in 2020.

TGS Baltic assisted the shareholders of an international data technology company Squalio Group in sale of the shares of company to a leading global IT solutions and services provider Softline.

TGS Baltic assisted the shareholders of an international data technology company Squalio Group, in the following countries: Latvia, Lithuania, Belarus and Estonia, in sale of the shares of Squalio Group to a leading global IT solutions and services provider Softline with a focus on digital transformation, cloud and cybersecurity. Licensing business of Squalio Group represented 98% of its total revenue in 2020.

TGS Baltic ensured transactional support to the shareholders of Squalio Group.

TGS Baltic partner Nauris Grigals assisted by associate Kaspars Treilibs advised on the deal by representing the shareholders of Squalio Group. 

About Squalio Group

Squalio Group is an international data technology company founded in 1997 in Latvia. It has representative offices in ten countries around the world. The company is one of the leading partners of Microsoft Corporation in software licensing and cloud services. Over a course of nearly 25-year experience, Squalio Group have established a proven track record of successful development and continued growth.

For more information about Squalio Group, please visit https://squalio.com/ 

About Softline Group

Softline is a leading global Information Technology solutions and services provider focused on emerging markets of Eastern Europe, Americas, and Asia. Softline helps customers achieve digital transformation and protect their business with cybersecurity technologies. Its services include end-to-end technology solutions, public and private clouds, software and hardware provisioning and broad array of associated services.

Softline Group’s consolidated turnover in 2020 was near $2 billion US dollars with sales growth of 13.2%. Softline has offices in 55 countries and 95+ cities worldwide. With more than 25 years of distinguished history, the Group has managed to grow rapidly while consolidating technology expertise and a business model encompassing all emerging markets.

For more information about Softline Group, please visit www.softline.com

For more detailed information about the transaction in English please refer to: 

https://softline.com/about/news/softline-expands-european-presence-through-acquisition-of-squalio

 

TGS Baltic is a top-tier full-service business law firm in Latvia, Estonia, and Lithuania employing 150+ lawyers across the Baltics. 

http://tgsbaltic.com/