Central Europe / Tech
Latvia’s TestDevLab sold to global technology company Xoriant
Deal to give access to Xoriant sales network and multinational client base, allowing TestDevLab to scale far beyond what was possible as an independent Baltic company.
Polish med-tech company Synektik lifts quarterly earnings on stronger medical equipment sales
Warsaw-listed Synektik said medical equipment, IT solutions and service work drove performance in August and September.
Lithuania set to roll out a nationwide network of 44 cybersecurity operations centres
Officials say the scheme will help strengthen cybersecurity across the public sector by improving detection, logging and response to attacks.
Poland's biggest lender PKO BP targets 1mn new clients via Allegro e-commerce deal
PKO BP, Poland's largest bank by assets, aims to gain 1mn new customers within three years through a new strategic partnership with e-commerce giant Allegro.
Revolut receives green light from central bank to launch Hungarian branch
Revolut has grown into a significant competitor for traditional Hungarian banks, particularly in foreign exchange and money transfers.
Defence conglomerate Czechoslovak Group acquires Serbian drone tech company MUST Solutions
CSG has been on a shopping spree propelled by its boosted sales following the Russian full scale invasion of Ukraine in 2022 as well as armed conflicts in the Middle East and Africa.
Latvian fintech Eleving Group raises €275mn in oversubscribed bond issue
Proceeds to be used to refinance €150mn in existing bonds and to expand Eleving's loan portfolio.