Estonia’s software development company Helmes acquires Trinidad Wiseman

The Tallinn-based software development company Helmes has signed an agreement to acquire 75% shares in Trinidad Wiseman. The transaction will strengthen companies in international markets and expand their services. TWN will continue to operate under its own name with existing management.

About Helmes Group

  • Helmes was founded 33 years ago. Now it specializes in custom software development and consulting, offering tailor-made services in strategy, service design, system integration, software, and mobile app development. In 2023, its turnover exceeded €100 million, the company employs approximately 1,400 people.
  • Among its clients are international organisations such as Airbus, Telia, Kühne+Nagel, CERN, the European Space Agency, OECD. Helmes development centers are located in Estonia, Latvia, Lithuania and Poland, its support offices are in Switzerland, India, Nigeria, USA, and Uruguay.

Trinidad Wiseman acquisition details

  • Trinidad Wiseman provides consulting, design services, and software development. The company also claims that its actions are guided by three core values: human-centeredness, professionalism, and autonomy.
  • In 2023 its turnover reached €16.9 million, additionally, the company employs more than 130 people. Company’s clients include Elisa, SEB Pank, City24, Telia, ERGO, Tallink, SK ID Solutions, Alexela, Tele2 and various Estonian public sector and European Union institutions.  

We are very happy that Trinidad Wiseman, a recognised leader in the field, decided to join Helmes. It will be a strong partnership for growth in foreign markets. TWN is a successful company with a similar work culture to Helmes and carries the same values as us. Helmes’ clients are enterprises, who expect versatile, top-quality services. In cooperation with TWN, we will become even more competitive internationally in the field of service design, data analytics and AI,

Helmes’ partner and member of the management board Andres Kaljo, commented.
  • The current deal will strengthen the companies’ competitiveness in international markets and expand their range of services. TWN will continue to operate as an independent company under its own name with existing management.

The companies also added that the transaction needs the approval of the Estonian Competition Authority to be completed, the process has started. The transaction was advised by Redgate Capital, Sorainen Law, Cobalt and PwC.