The transaction will be settled entirely through the issuance of new AROBS shares, with no cash component, and the newly issued shares will be subject to a one-year lock-up period from the closing date. This is AROBS’ first acquisition in which the full consideration is paid in equity, in line with the M&A strategy approved by shareholders following the company’s transfer to the Main Market of the Bucharest Stock Exchange in September 2023.
„Through this acquisition, the Group continues to expand its software engineering capabilities and strengthen its presence in segments such as semiconductors, healthcare, and embedded systems. The Quest Global Romania team brings solid experience in software application development, embedded solutions, testing and quality assurance, as well as in delivering services to international clients in North America, Western Europe, Australia, and the Middle East. The integration of Quest Global Romania team supports the Group’s ability to undertake more complex projects and to develop long-term relationships with global clients, including those operating in industries with high technical and operational requirements,” stated Voicu Oprean, chairman of AROBS board of directors.
Quest Global Romania is headquartered in Craiova and has experienced steady growth in recent years, reaching a team of approximately 110 specialists. This organization brings expertise in integrated software development services, testing and validation, design and usability, mobile development, embedded solutions, and IT consulting services, addressing industries such as IT & Data, automotive, Healthcare, Semiconductors, Oil & Gas, and Software. Its technical expertise covers the development of web, mobile, desktop, and data-driven solutions, delivered through agile methodologies and scalable processes tailored to the requirements of enterprise clients.
In parallel, the Group and Quest Global Group intend to develop a broader collaboration, aimed at jointly addressing complex software engineering and digital transformation projects for international clients for delivery from Romania. This cooperation will leverage the complementary capabilities, industry exposure, and geographic presence of the two groups.
The operational management of Quest Global’s Romania unit will continue under the current management team, led by of Ana-Maria Vasilescu. Quest Global Romania’s financial results will be included in the consolidated financial statements of the Group following the completion of the transaction, which is expected in the first half of the year.
n 2025, the Group acquired SVT Electronics, a provider of software and hardware solutions for tachograph data management and analysis, completed its first direct acquisition in the United States through the acquisition of a majority stake in Codingscape, a technology consulting and software development company serving enterprise clients, and acquired Gess Engineering, a company specialized in engineering and testing services for the automotive industry.
At group level, AROBS has 11 locations in Romania and nine abroad, with a team of 1,200 specialists.
(English version by Catalina Apostoiu)