Bird & Bird advised twoday on the acquisition of Kaito
Published
Aug 14 2024
International law firm Bird & Bird has advised twoday on its acquisition of Kaito Insight Oy, a Finnish service provider specialising in data-driven transformations and AI.
twoday is an international digital transformation partner specialised in premium digital services within AI and data, software engineering, and business applications to both the private and public sectors.
With nearly 3,000 experts in the Nordics, twoday is a leading partner in helping its customers succeed in their digital transformation. This acquisition unites more than 700 data engineering and AI experts within twoday, enhancing their ability to deliver impactful digital solutions to twoday’s clients across industry-leading data technologies.
Partner Maria Carlsson from Bird & Bird comments: “It has been a privilege to assist twoday on this exciting acquisition in the strongly evolving field of AI. The transaction is a significant one in the Nordic data & AI market, making our client one of the forerunners in their field. Throughout the project, our team was able to leverage our experience in high-stakes technology acquisitions and our understanding of the regulatory landscape involved."
M&A and Strategy Director Eric Gustavsson from twoday comments: “We are very pleased with the excellent support and expertise provided by Maria and Bird & Bird’s M&A team. Their market understanding and experience of handling similar transactions provided for a smooth and successful deal. Thanks to their efforts, we are now well-positioned to leverage advanced data & AI technologies and drive innovation for our clients."
