COBALT advised the seller on sale of SBS Group to ARKANCE

2023 - 02 - 27

On February 15, 2023, ARKANCE – subsidiary of MONNOYEUR – acquired SBS Group, a software development company specialized in the construction industry and BIM from a private person. COBALT advised the seller.

This acquisition is in line with Arkance’s strategy to provide software products to support its clients. Arkance drives innovative and sustainable solutions (products, and services) to reduce the costs of their clients and help them to win more business.

ARKANCE’s mission is to support the Manufacturing and Construction industries in their digital transition. Partner of global technology leaders, such as Autodesk or Trimble, and with its 800 people strong network of experts present in more than 14 countries in Europe, the group distributes and implements digital solutions in design and production.

SBS Group will reinforce building industry software development team in Lithuania.

SBS Group is a software development company established in 2007 with an exclusive focus on the construction industry. From stand-alone components to the entire system, our solutions serve as the building blocks of digital transformation for both SMEs and large industry players.

COBALT advised the client throughout the entire transaction, including advising the client on drafting and negotiating the transaction documentation. Our project team was led by Partner Dr Juozas Rimas and Managing Associate Deimantė Pagirienė.