Last night, the Baltic deals of the year received honours at the Baltic M&A and Private Equity Forum 2023 in Riga. The most notable transactions were carried out by Milrem Robotics and Sunly of Estonia, and Nord Security and Oxylabs of Lithuania. Nord Security Group CFO Laurynas Zabulis with the award for Baltic Private Equity […]
On 12 January 2023, an updated EU list of dual-use items entered into force (Annex I to Commission Delegated Regulation (EU) 2023/66 of 21 October 2022 (the “EU Dual Use Items Regulation”) amending Regulation (EU) 2021/821 of the European Parliament and of the Council). The EU list of dual-use items includes goods which can be […]
We advised Milrem Robotics, Europe’s leading developer of robotics and autonomous systems in the merger with EDGE Group, an UAE-based technology and defence group. EDGE Group, one of the world’s leading advanced technology and defence groups acquired a majority stake in Milrem Robotics, an Estonian robotics and autonomous systems developer. Milrem Robotics’ mission is to […]
Since external security risks have significantly increased in our region, military personnel from the armed forces of the allied countries of the North Atlantic Treaty Organization (NATO) and NATO structural units are being stationed more and more often on the territory of Latvia, and military exercises also take place. These types of military operations require […]
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On 25 January this year, the 70th Council meeting of the Federation of Security and Defence Industries of Latvia (FSDI Latvia) took place, during which, after a vote, Sorainen was accepted as a member. FSDI Latvia was founded in 2013. It unites a wide range of economic sectors and is the only national-level organisation that […]
