Boyanov & Co, working with the Stockholm and Washington offices of Baker McKenzie, has advised Finland's Tietoevry on the acquisition of US-based digital engineering company MentorMate. Ballard Spahr advised the Taylor Corporation on the sale.
The Tietoevry Corporation is a Finnish IT software and service company providing IT and product engineering services. It is based in Espoo and listed on the Helsinki, Stockholm, and Oslo stock exchanges.
According to Boyanov & Co, MentorMate provides advanced digital engineering services, human-centered design, and AI capabilities to its customers in North America and Europe. Local subsidiary MentorMate Bulgaria EOOD is "one of the leading companies in the sector and a large employer having approximately 800 FTEs."
Tietoevry stated that the acquisition is aimed at bolstering its North American presence. The Finnish company is folding MentorMate into its Tietoevry Create unit, one of its five specialized businesses, Boyanov & Co reported.
The Boyanov & Co team was led by Counsel Mihail Vishanin.
Editor's Note: After this article was published, DGKV announced it had advised the Taylor Corporation on the sale. The firm's team was led by Partner Zdravka Ugrinova and Counsel Ralitsa Gougleva.
