PwC Legal Estonia has advised Krauss-Maffei Wegmann on its acquisition of a 24.9% stake in Milrem Robotics.
Milrem Robotics is a Tallinn-based developer of unmanned robotic vehicles for the defense industry. Financial details of the transaction were not disclosed.
Krauss-Maffei Wegmann is a German developer of heavily armored wheeled and tracked vehicles. The company operates manufacturing sites in Germany, Brazil, Greece, Hungary, Singapore, the United Kingdom, and the USA and it employs over 4,000 people.
PwC Legal’s team consisted of Partner Priit Latt, Head of M&A Rutt Vark, Attorney-at-Law Imbi Jurgen, and Lawyers Ingeri-Helena Kakko and Alesja Gorbunova.
The firm could not provide additional information about the deal.