Press Release Press Release

Wolf Theiss advises VISMA on its acquisition of Digital Keez

Bucharest, 23 June 2021 – Wolf Theiss assisted VISMA AS, the Nordic leader in the IT&C industry, for the acquisition of the Romanian company Digital Keez S.R.L., a Romanian IT company offering complete accounting services through an app designed especially for entrepreneurs.

The Corporate/M&A team of Wolf Theiss coordinated by Partner Ileana Glodeanu rendered transactional assistance, from conducting the legal due diligence to negotiating and signing with the founders the share purchase agreement, the shareholders agreement, as well as all other ancillary transactional documents.

The acquisition implies alignment with Visma’s strategy to produce and deliver the best technological solutions to clients. Through this transaction, Visma further expands its range of digital knowledge and content products into complete accounting services in Romania and in Europe.

Visma is a longstanding client of Wolf Theiss Romanian M&A team, as Partner Ileana Glodeanu and her team previously advised Visma on several other M&A projects, including the sale of their BPO business in Romania and the recent acquisition of SmartBill in 2020.

“We are very happy for the outcome of this transaction and we enjoyed working again with Ileana Glodeanu and her team, lawyers with a commercial mindset.” declared Sindre Talleraas Holen, Head of M&A, Visma AS.

“It was a joy to assist Visma in this new deal in the Romanian market. Working with recurring clients like Visma make us feel appreciated and privileged. Together with Visma, we are enrolled on the strategic mission to help companies improve productivity and enhance services through digitalisation, integration and automation of business processes, contributing at the same time to the development of the Romanian entrepreneurial environment”, stated Ileana Glodeanu, Wolf Theiss Partner and Coordinator of the Corporate / M&A team in Romania.

Under the lead of Ileana Glodeanu, contributed to the success of this transaction: Luciana Tache (Senior Associate, Corporate/M&A), Flaviu Nanu (Counsel, Projects/Real Estate), Nina Lazar (Associate, IP&IT), Costin Salaru (Associate, Employment), Alexandru Caleap (Associate, Corporate/M&A).

Read the full text

Download PDF