The Euvic Group is accelerating its international expansion and investments in artificial intelligence-based technologies. After its January stock market debut, which resulted from the reverse takeover of eoNetworks S.A., the company has been consistently implementing its growth strategy through mergers and acquisitions. In February, it signed a letter of intent to acquire 51% of shares in Romanian Yalos Labs. Now it is investing in Finland by signing an investment agreement with Moretime.
Moretime develops solutions that automate business processes using artificial intelligence and the Microsoft Power Platform. Low-code technologies allow companies to design and deploy applications that streamline daily business processes more quickly, aligning with one of the strongest trends in today’s IT market.
The purpose of the transaction is to strengthen Euvic’s offering for clients in the Nordic countries and to develop competencies in the field of business process automation. The investment is part of a strategy to build a modern offering that supports enterprise digital transformation and increases the Group’s presence in foreign markets. The transaction is being executed by Euvic Ukraine. One of the partners financing Euvic Ukraine’s foreign investments is the Foreign Expansion Fund 2 FIZ AN from the PFR Group
In recent years, thanks to our activity in mergers and acquisitions, the Group’s portfolio of companies has grown significantly. Support from PFR allows us to develop assets and invest in entities with international potential – so far primarily in Ukraine. This time, we focused on the Finnish company Moretime and the possibilities offered by AI and automation
The agreement covers the purchase of 100% of the company’s shares for approximately USD 3 million. Moretime’s clients and offerings will strengthen Euvic’s operations in the Scandinavian market, where the Group has been active for eight years – since 2018 in Sweden, and since 2024 also in Finland.
Moretime is a modern company based on Microsoft technologies, including AI and the Microsoft Power Platform. The founders’ entrepreneurial approach and their rapid response to client needs fit well with Euvic’s philosophy. We see significant potential for synergies and joint projects for clients in the Nordic countries,
Over two years, the company has gained over 60 clients and is growing dynamically, offering solutions that enable companies to automate repetitive processes and implement tools supporting operational efficiency faster.
When creating Moretime, we focused on increasing our clients’ efficiency and reclaiming their time through automation of repetitive processes. Our clients’ success is our success, and thanks to collaboration with Euvic, we can achieve it on a much larger scale
Democratization and demonetization of software allow companies to create solutions that streamline business processes more quickly and easily. With its offering, Moretime fits perfectly into this trend, helping clients free up time and focus on building competitive advantages
