Corporate, Commercial Law & M&A
February 22, 2022

Acquisition of Krakul, the leading Estonian IoT and autonomous systems developer, by the First North listed Bercman Technologies

TRINITI advised Krakul OÜ, Estonia’s leading Internet of Things (IoT) and autonomous systems development company, and its shareholder in an acquisition by Bercman Technologies, a Nasdaq First North listed deep-tech company developing traffic safety solutions.

AS Bercman Technologies (Bercman), Krakul Holding OÜ, and Krakul OÜ concluded a conditional swap for the share of a private limited company and shares of a public limited company as a result of which Bercman acquired 100% shareholding in Krakul, whereas the acquisition of this shareholding was paid for in the shares of Bercman. TRINITI partner and co-head of the Transport & Infrastructure practice group Tõnis Tamme together with associate Peeter Mõtsküla, head of the TRINITI Start-Up practice group advised Krakul and its parent company Krakul Holding in all legal matters related to the transaction.