Hungary's Lakatos, Koves & Partners and Norway's Schjodt Law Firm have advised Norbit ASA on its acquisition of IData Kft. The transaction gives IData an enterprise value of EUR 14.5 million. Szecskay Attorneys at Law advised the sellers on the deal.
IData is a technology company headquartered in Hungary that specializes in services related to vehicle tracking and fleet management that reported EUR 5 million in revenue in 2020. It claims to be tracking 34,000 vehicles for 4,200 customers.
LKT’s team was led by Partner Ivan Solyom and included Senior Lawyer Nora Szigeti and Senior Counsel Eva Bognar.
Szecskay's team included Senior Partners Orsolya Gorgenyi, Hedi Bozsonyik, and Gusztav Bacher, and Partners Katalin Szecskay and Robert Dezso.