In the wake of the deal, the group is strengthening its foothold in Romania’s western area and envisages expansion on the markets of Germany, Austria and Switzerland.
To complete the deal, AROBS will use part of the capital raised from BSE investors during the private placement for its stock that was carried out this October, as well as banking funding.
Berg Software was founded in 1991 under the name of Berg Computers, mainly operating as a PC equipment suppliers. Starting 1994, the company entered the software development market and in 1998 launched its first product for the local market.
In 2020, Berg Software posted RON13 million turnover and net profit worth RON1.8 million.
At present, AROBS is in ongoing expansion and in advanced talks to acquire several software services firms or firms owning and operating business optimization solutions and car fleet management products.
The company’s stock will start trading on the BSE by yearend.
(English version by Catalina Apostoiu)