Tera Ventures and co-investors sell Defendec to Vosker

Ellex team in Estonia advised the sellers on the divestment of the security technology company Defendec to VOSKER.

Ellex advised Tera Ventures, Ubiquitous Ventures, Sentosa Capital and the other sellers on the divestment of 100% of the shares in Defendec Holding OÜ and its Estonian, UK and US subsidiaries to VOSKER, a Montreal-based provider of advanced surveillance solutions. Defendec is a leader in AI-powered, autonomous surveillance solutions for businesses and government agencies. Its technology enables always-on, remote monitoring in demanding environments, helping clients protect critical infrastructure and secure their operations.

VOSKER is a leading provider of high-performance, scalable solutions for remote monitoring and advanced surveillance. This cross-border transaction brings together two innovative players in the surveillance and remote monitoring market and fosters the development of advanced, AI-powered security solutions worldwide.

Ellex team advised the sellers on all Estonian law aspects of the transaction, including structuring, documentation and negotiations.

Ellex team included: Sven Papp, Gerda Liik, Liis Könn, Grete-Kai Teeäär, Dmitri Rozenblat, Mari Must, Jaanus Ikla, Merlin Liis-Toomela, Kevin Gerretz and Brigitta Toomingas.