ELEKS buys majority stake in Estonia's ADM Interactive to scale public-sector work
What's the deal? ELEKSDealroom has a profile for this one. Try Dealroom →, an IT company founded in Ukraine and headquartered in Estonia, has acquired a majority stake in Estonian software and digital services firm ADM InteractiveDealroom has a profile for this one. Try Dealroom →. The parties agreed not to disclose the transaction value or other financial terms.
What's the endgame? The two companies will focus on public-sector digital transformation, including secure and resilient digital public services, across Europe and emerging markets. ELEKS gains local leadership and a stronger Estonian team, and plans to expand its workforce there.
ADM Interactive's active shareholders and existing management will continue to lead the company. Its clients keep the same team, now backed by more than 2,000 ELEKS specialists worldwide.
Why now? ELEKS and ADM have previously worked together on public-sector projects in Ukraine and in emerging markets. The deal builds on long-standing cooperation between Estonia and Ukraine, supported by governments, embassies, and development organisations in both countries.
Riho Pihelpuu, country manager of ELEKS Estonia and chief executive officer of ADM Interactive, will lead the expansion. He said ADM had spent nearly 30 years building digital services for a small country but at times lacked scale and specialised technical expertise. "With ELEKS, those limitations disappear," he said, pointing to new capabilities in data science and artificial intelligence.
Andriy Krupa, chief executive officer of ELEKS, framed the rationale around combining strengths. "By partnering with ADM, we are fusing Estonia's unparalleled public sector expertise with the scale and resilience of Ukrainian engineering excellence to deliver next-generation solutions for public sector and commercial clients across Europe," he said.
The signal: Estonia is widely seen as a benchmark for digital government, while Ukraine has gained hard-won experience keeping public services running during a full-scale war. Minister of Economic Affairs and Industry Liina Vahtras said the value lies in "combining this expertise to create something truly unique" and bringing that competence to European markets.
Read more: baltictimes.com
Image credit: Official GDC
