Fitek acquired control of Sistemų integracijos sprendimai

▤ Summary

Fitek has acquired a controlling 51% stake in Lithuanian company Sistemų integracijos sprendimai. The deal expands Fitek’s automation offerings beyond invoice management into electronic data interchange for manufacturing, wholesale, and retail customers. The company says the move addresses a large market where many businesses still process PDF documents manually instead of using structured data. The acquisition also strengthens Fitek’s position in its Baltic and Slovak markets by adding e-archiving and integrations with state systems to its portfolio.

▦ Linked Companies

Fitek

$50M to $100M