Estonian IT company Helmes signed an agreement to acquire a 75% shareholding in service design and digital transformation company Trinidad Wiseman (TWN). The purpose of the transaction is to strengthen the companies’ competitiveness in international markets and expand their range of services.

According to Helmes’ partner and member of the management board, Andres Kaljo, the purpose of the decision is to work in a strategic partnership for faster growth in international markets.

“We are very happy that Trinidad Wiseman, a recognized leader in the field, decided to join Helmes. It will be a strong partnership for growth. TWN is a successful company with a similar work culture to Helmes and carries the same values as us. Helmes’ clients are enterprises, that 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,” said Kaljo.

TWN will continue to operate as an independent company under its own name with existing management.

“Trinidad Wiseman has experienced strong growth over the years. We sought a partner who could help us expand to foreign markets with our service design, digital transformation, Atlassian, and AI/BI services,” noted Ander Tenno, CEO of  Trinidad Wiseman.

“We chose Helmes for several compelling reasons. Helmes creates software systems that positively impact people’s lives. They have a proven track record of maintaining and growing companies. Additionally, we share strong organizational and cultural similarities, a common vision for the future, and a history of successful cooperation,” added Tenno.

The partnership opens new opportunities for both companies to expand in international markets — TWN’s specialization in service design, user experience design, data analytics, and AI services complements Helmes’ existing service portfolio.

In its 33 years of operation, Helmes Group has grown into a global company that creates business-critical solutions for international organisations such as Airbus, Telia, Kühne+Nagel, CERN, the European Space Agency, the OECD, etc. Helmes software development centres are located in Estonia, Latvia, Lithuania, and Poland. The company employs approximately 1,400 people; its 2023 turnover exceeded 100 million euros.

Trinidad Wiseman´s turnover reached 16.9 million euros last year, and the company employs more than 130 people. Its clients include big companies operating in Estonia, such as Elisa, SEB Pank, City24, Telia, ERGO, Tallink, SK ID Solutions, Alexela, Tele2, and various Estonian public sector and European Union institutions.

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