Hawk Infinity AS, the Norway-based investment company, has finalised the acquisition of an 93% stake in Latvia-based OptiCom SIA, one of the leading IT systems integrators in Latvia. The remaining 7% was acquired by the Lithuanian company WB Holding, whose shareholders are also linked to the Lithuanian IT integrator WhiteBit.
The acquisition was closed at an upfront enterprise value of approximately EUR 9 million (NOK 102 million). This acquisition marks a significant milestone in Hawk Infinity’s position in the Baltic IT market, following its previous acquisition of ATOM Mobilty in September 2025.
COBALT provided full legal support to Hawk Infinity during the transaction, including conducting legal due diligence of the target, preparing transaction documents and assisting the client in the negotiation process. The COBALT Lithuania team was led by Partner Elijus Burgis and Specialist Counsel Žygintas Voronavičius. The Latvia office team was led by Partner Guntars Zīle and Specialist Counsel Mārtiņš Tarlaps, and included Senior Associates Marija Berdova, Agnese Gerharde, Ivo Maskalāns, Associate Vadims Zvicevičs and Junior Associate Roberts Gusts.
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