Bianor Holding AD (BUL:BNR) signed definitive agreement to acquire Digital Lights on May 29, 2024. In related transaction they also acquire 51% stake in Prime Holding with an option to acquire the remaining 49%.The combined deal value of the transaction is ?50 million. The company presents the new brand Wiser Technology.

A significant portion of the transaction will be carried out in shares of Bianor Holding, which will make the founders and key members of the Prime Holding and Digital Lights teams significant shareholders in Wiser Technology. The companies in the group will continue to operate largely independently with their existing team and structure. Activities related to corporate development and finance, as well as marketing and sales, will be centralized in the holding company and will serve all companies in the group.

The CEO of Digital Lights, Dimitar Dimitrov, and the CEO of Prime Holding, Georgi Sokolov, will be nominated as members of the Board of Directors of Wiser Technology. Co-founder and executive director of Bianor Holding, Kosta Yordanov, will remain executive director and member of the board of directors of Wiser Technology. PWC Bulgaria, KPMG Bulgaria OOD, Ernst & Young Bulgaria, AFA OOD act as accountant.

Schoenherr Bulgaria, Karastoyanov, Mitkov & Associates, Djingov, Gouginski, Kyutchukov & Velichkov act as legal advisor. Entrea Capital act as financial advisor for Bianor Holding AD (BUL:BNR).