The acquisition was for “an initial closing consideration of USD12 million, with up to USD4 million contingent upon the achievement of certain performance indicators for the financial years 2025 and 2026,” as per the report.
The US target company recorded an estimated turnover of approximately USD15 million in 2024 and employs approximately 60 specialists, the report shows.
“Due to ongoing negotiations, the name of the target entity remains confidential at this stage. The transaction will be disclosed to the market through a current report as soon as feasible, in accordance with applicable regulations. This approval is requested following the provisions of Article 91 of Law 24/2017 on issuers of financial instruments and market operations,” according to Arobs representatives, as quoted in the report.
Cluj-based Arobs group reported a consolidated turnover of RON120 million for the first quarter of 2025, up 14% year-over-year, EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) of RON17 million, up 2% vs the same interval of 2024, and net profit of RON6 million, down 19% year-over-year.
AROBS shares have lost 38% over the last year and 29% so far in 2025, triggering a market capitalization of RON575 million. Arobs CEO, Voicu Oprean, owns 47.3% of the Group’s share capital, and Cabrio Investment – also held by the CEO – holds a 10% stake.
Pillar II private pension fund AZT Viitorul Tau became a shareholder in Arobs in 2024, with an ownership stake of 10%.