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In accordance with Article 65(1) of the Republic of Lithuania Law on Companies, Novian Systems UAB ir ELSIS PRO UAB, managed by INVL Technology, hereby notify of the phrases of the reorganisation of Novian Systems UAB, code: 125774645, registered workplace handle: Vilnius, Gynėjų Str. 14, and ELSIS PRO UAB, code: 300064148, registered workplace handle: Vilnius, Baltupio Str. 14, on the idea of which ELSIS PRO UAB is merged with Novian Systems UAB, that’s persevering with operations. One hundred % of the shares of Novian Systems UAB are held by Novian UAB. One hundred % of shares of ELSIS PRO UAB are held by Novian Systems UAB.
The reorganisation interval will proceed till the reorganization is accomplished, i. e. till a brand new model of the Articles of Association of Novian Systems UAB, which can function after the reorganisation, is registered within the Register of Legal Entities.
Novian Systems UAB will take over all belongings, rights, and obligations of ELSIS PRO UAB, all the rights and obligations of ELSIS PRO UAB by transaction can be transferred to Novian Systems UAB, transactions of ELSIS PRO UAB can be included within the monetary accounting of Novian Systems UAB on the finish of the day of the completion of the reorganization, with out signing acts of acceptance and switch confirming this.
Every shareholder and creditor is given the chance to get acquainted with the Terms of Reorganisation, the mission of a brand new model of the Articles of Association of Novian Systems UAB, and monetary reviews by prior settlement in Vilnius at Gynėjų Str. 14, additionally within the digital publication issued by the Register of Legal Entities. Additional info is on the market by e mail pro.elsispro@novian.lt.
On the idea of Article 66(2) of the Republic of Lithuania Law on Companies, collectors of the businesses could submit their claims from the primary day of publication of the phrases of reorganisation till the day of the final assembly of shareholders the agenda whereof supplies for the adoption of a call on reorganisation of the related firm.
Additional info:
The IT companies group Novian is consolidating its software program growth capabilities. The group’s software program service suppliers Novian Systems and Elsis PRO can be merged and proceed as Novian Systems. The choice to merge the businesses was authorized by the Investment Committee of INVL Technology, which owns the Novian group, on 19 January. As per that call, phrases have been submitted to the Lithuania’s Centre of Registers for a reorganisation wherein Elsis PRO it is going to be merged into Novian Systems. Completion of the method is deliberate on the finish of March this 12 months.
“By combining two companies with great experience, we are creating new potential across a wide range of competencies: from tax administration, municipal projects and risk management to solutions for the defence, aerospace and aviation industries. We believe that this move will enable us to intensify innovation in these areas, including the development of artificial intelligence and big data technologies, thereby increasing value for our customers,” stated Evaldas Rėkus, the CEO of the Novian group and of Novian Systems.
He stated the merger may also permit Novian Systems to increase the geography of its operations. Its Baltic initiatives can be complemented by initiatives in different European Union international locations. As a single, bigger firm, its weight and competitiveness in the marketplace will improve. It will be capable to perform bigger and extra advanced initiatives, be extra lively internationally and take part in initiatives funded by the European Union.
After the merger, Evaldas Rėkus will stay the CEO of Novian Systems, whereas Rimvydas Jančiauskas, who’s at present the CEO of Elsis PRO, would be the Managing Director.
On completion of the merger, Novian Systems will assume the obligations of Elsis PRO. “We aim to make the transition to joint operation as smooth as possible so the process has minimum impact on ongoing projects,” Rimvydas Jančiauskas stated, including that there can be no main modifications for patrons or companions because of the merger.
It is deliberate through the merger to sharpen the enterprise instructions inside the firm by pooling competencies and adapting the group’s construction accordingly. The merger is estimated to have a optimistic monetary impact as it should allow optimisation of enterprise processes and administrative prices.
Following the merger, Novian Systems’ portfolio of competencies can be augmented by Elsis PRO’s personal experience in synthetic intelligence, clever information alternate and massive information analytics. Novian Systems till now has centered on customized techniques growth, synthetic intelligence, information analytics, massive information, and course of robotics, and has carried out nationwide and municipal initiatives in addition to enterprise analytics and course of automation options.
Novian Systems and Elsis PRO had aggregated income of EUR 6.93 million in 2021, or 8.8% greater than in 2020. Their EBITDA in 2021 was EUR 0.67 million and grew 0.7% in comparison with the earlier 12 months. Elsis PRO, established in 2004, joined the Novian group on the finish of 2021, with 100% of its shares owned by Novian Systems following an acquisition.
The Novian software program and IT infrastructure companies group had aggregated income of EUR 25.8 million in 2021 which was 7.1% greater than in 2020. The group’s EBITDA in 2021 was EUR 1.7 million and shrank 3.5% in comparison with 2020. Operating revenue of EUR 0.81 million was down 18.3% year-on-year. The Novian group additionally consists of the businesses within the Novian Technologies space and Zissor.
The particular person approved to supply further info:
Kazimieras Tonkūnas
INVL Technology Managing Partner
E-mail k.tonkunas@invltechnology.lt
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