UnifiedPost Group acquires Fitek Holding
Benelux’s company UnifiedPost Group acquired the Baltic-based Fitek Holding from the private equity fund BaltCap.
Ellex advised UnifiedPost Group on the transaction that enabled the creation of a major European FinTech player that is also one of the largest financial technology companies in Europe.
UnifiedPost Group, headquartered in Belgium, is one of Europe’s leading FinTech companies 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.
UnifiedPost was advised by Partner Sven Papp, Counsel Jaanus Ikla and Senior Associate Gerda Liik in Estonia, Associate Partner Sarmis Spilbergs and Associate Marta Cera in Latvia, Partner Paulius Gruodis, Senior Associate Mantas Juška and Arvydas Grušeckas in Lithuania.