Bercman Technologies AS (TLSE:BERCM) intends to acquire Krakul O? on November 22, 2021. The acquisition of Krakul is part of Bercman?s strategic goal to expand its engineering and software team into developing intelligent transportation systems. The acquisition shall be paid for by Bercman shares. Krakul will continue its independent economic activities, including research and development, and the company?s management will remain the same. Upon completion of the transaction, Murumets will join Bercman?s Management Board and will be responsible for the work of the Engineering Department as Chief Technology Officer. The transaction shall be completed if Bercman?s extraordinary general meeting approves the conclusion of the transactions and permits an increase of share capital and the issuance of new shares to pay for the acquisition. Bercman?s extraordinary general meeting will take place on December 1, 2021. Gerli Kivisoo of Ellex Raidla acted as legal advisor to Bercman Technologies AS. T?nis Tamme of TRINITI acted as legal advisor to Krakul O?. Bercman Technologies AS (TLSE:BERCM) completed the acquisition of Krakul O? on December 1, 2021. Krakul?s Chief executive officer Jaan Hendrik Murumets will now join Bercman?s management board in addition to leading Krakul and will lead the engineering team as chief technology officer. The transaction has been approved by shareholders of Bercman Technologies.