TEGOS (formerly TGS Baltic) advised EFA Group, a leading conglomerate producing high-tech products for the defence and security industry on entering into a strategic investment agreement with Wayren, an Estonian DefenceTech startup developing innovative communications system for the soldier of the future.
The parties’ goal is to jointly develop next-generation high-tech systems that connect soldiers and equipment into an integrated situational awareness solution.
TEGOS advised the client during the entire transaction, from carrying out the legal due diligence until negotiation and finalisation of the transaction documents and closing of the investment into Wayren. Furthermore, TGS Baltic advised the client on other aspects of the investment, providing advice on the parameters for the subsequent sale of products deriving from this investment.
EFA GROUP is a global aerospace, security, defence, and industrial cooperation group headquartered in Athens. Part of its operations specialises in the development of mission-critical software and systems integration. A key partner to EFA GROUP is THEON International, one of the world’s leading developers and manufacturers of night vision, thermal imaging, and augmented reality systems.
Wayren’s proprietary Singularity communication platform enables resilient communication between soldiers, command units, and various platforms under demanding battlefield conditions. The patented system establishes a reliable hybrid mesh network to connect units, vehicles, and command posts, synchronising data simultaneously via any available civil or military communication technologies – such as mobile, satellite, or radio networks.
TEGOS team included Mirko Kikkamägi, Kadri Kallas, Silvia Urgas, Mari Anne Rohtla, Joonas Kartsep, Hannamari Bachmann.
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