We advised SAVANGARD on the sale of shares to the Finnish investor – Digia.
12.05.2025 / News / Successes / Tax / Trade & Commercial Contracts
We supported the owners of Savangard Sp. z o.o. (along with its subsidiaries Peoplevibe Sp. z o.o. and Finnovative Solutions UAB) in the signing of a preliminary agreement for the sale of 100% of the shares to the Finnish investor Digia Plc. The final agreement will be concluded once the conditions precedent have been fulfilled.
As part of the project, the Sadkowski i Wspólnicy law firm team was responsible for providing comprehensive legal advice to the seller, which included, among others:
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Negotiation of the transaction terms and transaction documents (SPA),
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Support in aligning agreements concerning key managers.
The transaction team consisted of: Mariusz Kowolik – Attorney-at-law, Partner at the firm, and Patrycja Wieczorek – Attorney-at-law, Rafał Małolepszy – Managing Counsel, Advocate. Additionally, the tax aspects of the transaction were consulted by the tax team led by PhD Anna Kuleszyńska – Attorney-at-law.
This transaction strengthens Digia’s position as a leading provider of integration and API services in Northern Europe, while Savangard – with net revenues of approximately EUR 16.4 million for 2024 – begins a new phase of dynamic growth within the Digia Plc structure.
We congratulate the Management Board of Savangard and wish both parties success in further integration and business development in the European market.
About Savangard
Founded in 2002, Savangard is a dynamically growing Polish group that provides high-quality integration, API, and software development services. Savangard’s clients primarily include entities from the financial, energy, manufacturing, and public sectors.
About Digia Plc
Digia is a Finnish software and service company that combines technological capabilities with human competencies to build intelligent business, society, and a sustainable future. Digia employs over 1,500 people and operates globally. Its net revenue for 2024 amounted to EUR 205.7 million. The company is listed on the Nasdaq Helsinki stock exchange.
