Ellex advised UnifiedPost Group on the acquisition of Fitek Holding

Benelux’s company UnifiedPost Group bought the Baltic-based Fitek Holding from the private equity fund BaltCap, creating one of the biggest FinTech companies in Europe.

UnifiedPost Group, headquartered in Belgium, is one of Europe’s leading FinTech firms that helps businesses to digitize and optimize their financial value chain. They provide a complete technology portfolio for identity management, document processing, robotic accounting and apps with added value.

Fitek is the market leader in the financial automation process. The company operates in Estonia, Latvia, Lithuania, the UK, Slovakia, the Czech Republic, Serbia and Bosnia and Herzegovina.

Hans Leybaert, CEO of UnifiedPost Group: “Our ambition is to grow internationally and to further strengthen our position as a leading player in the FinTech landscape. With both companies coming together, we not only expand our European footprint, but are also getting extra people with solid knowledge of the sector onboard. The growth strategy of UnifiedPost Group is reconfirmed with this acquisition.”

UnifiedPost was advised by Partner Sven Papp, Counsel Jaanus Ikla and Senior Associate Gerda Liik in Estonia, Partner Zinta Jansons and Associate Partner Sarmis Spilbergs in Latvia, Partner Paulius Gruodis, Senior Associate Mantas Juška and Arvydas Grušeckas in Lithuania.